JOE MCDONALD
Global stock markets were mixed Monday after stronger U.S. inflation revived worries the Federal Reserve might hike interest rates again.
Shanghai, London and Tokyo declined. Paris, Frankfurt and Wall Street futures rose. Oil prices fell.
Wall Street’s benchmark S&P 500 index slipped Friday after government data showed producer price inflation accelerated in July. Earlier data showed consumer prices also rose faster in July.
“Setbacks to optimistic expectations are hard to ignore,” said Tan Boon Heng of Mizuho Bank in a report. “The data need to provide reasons (for the Federal Reserve) not to hike.
In early trading, the FTSE 100 in London lost less than 0.1% to 7,517.92. The CAC 40 in Paris advanced 0.4% to 7,366.42 and the DAX in Frankfurt gained 0.5% to 15,911.02.
On Wall Street, the future for the S&P 500 index was up 0.3%. That for the Dow Jones Industrial Average added 0.2%.
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