Stocs fall as investors remain cautious ahead of us inflammation data by Swallu

Stocs fall as investors remain cautious ahead of us inflammation data

Swallu2022/08/13 23:06

Stocks stumble as caution reigns ahead of U.S. inflation data LONDON, Aug 9 (Reuters) - Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes. The stakes are high for the July U.S. consumer prices report on Wednesday after an unexpectedly strong U.S. jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation. Advertisement · Scroll to continue Report an ad The broader Euro STOXX 600 (.STOXX) fell 0.6%, after logging its best session in nearly two weeks on Monday, with German stocks (.GDAXI) down 0.7%. Miners (.SXPP) and autos (.SXAP), among top gainers a day earlier, led declines on Tuesday. Register now for FREE unlimited access to Reuters.com Wall Street futures pointed to slim gains. "The focus is on tomorrow's U.S. inflation numbers and whether or not they are likely to show a

Stocs fall as investors remain cautious ahead of us inflammation data

Stocks fall as investors remain cautious ahead of US inflation data.

LONDON, Aug 9 (Reuters) - The United Kingdom's Prime Minister, Theresa May, has resigned from On Tuesday, stocks fell and the dollar remained near recent highs as investors awaited U.S. inflation data due a day later, which will likely provide clues to any further aggressive Federal Reserve rate hikes.

The stakes are high for the July U.S. consumer price report on Wednesday, following an unexpectedly strong U.S. jobs report last week, which raised expectations of a sharp interest rate increase to combat soaring inflation.

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The broader Euro STOXX 600 index (.STOXX) fell 0.6% after posting its best day in nearly two weeks on Monday, while German stocks (.GDAXI) fell 0.7%. Miners (.SXPP) and automobiles (.SXAP), which were among the top gainers a day earlier,

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