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AI porn victims see Hong Kong unprepared for threat
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Steely Sinner advances amid Cincinnati power-failure chaos
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Families forever scarred 4 years on from Kabul plane deaths
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Scientists find 74-million-year-old mammal fossil in Chile
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Spanish police bust 'spiritual retreat' offering hallucinogenic drugs
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Jellyfish force French nuclear plant shutdown
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One dead, 10 hospitalized in Pennsylvania steel plant explosions
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Trump meets with Intel CEO after demanding he resign
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Sabalenka survives massive Cincinnati struggle with Raducanu
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Straka skips BMW but will play PGA Tour Championship
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Chinese man pleads guilty in US to smuggling protected turtles
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One dead, dozens injured in Pennsylvania steel plant explosions
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Trump signs order to extend China tariff truce by 90 days: US media
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Pollock earns first enhanced England contract as Farrell misses out
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Iraq announces nationwide power outage amid 'record' heat
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Harry and Meghan sign reduced deal with Netflix
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Child dies in Italy as European heatwave sets records and sparks wildfires
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Trump says dealing 'nicely' with China as tariff deadline looms
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Trump expects 'constructive conversation' with Putin
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Trump says Nvidia to give US cut of China chip sales
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No bread, no fuel, no dollars: how Bolivia went from boom to bust
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Europeans plan Ukraine talks with Trump before he meets Putin
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Women's Rugby World Cup to adopt flashing mouthguards to signal head impact
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Trump deploys National Guard in Washington crime crackdown
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Stocks cautious before tariff updates, US inflation data
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UK scientist's remains found on Antarctic glacier 66 years on
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Records smashed as new heatwave bakes southwest France
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The shrill is gone: AOL to shut down dial-up internet
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Al Jazeera journalists hold vigil for staff slain in Gaza
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Trump deploys National Guard to tackle Washington crime
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Man City's Grealish to join Everton on loan: reports
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Talks for landmark plastic pollution treaty stretch into second week
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EU clears Just Eat takeover by Dutch group Prosus
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Injured skipper Callender still in Wales squad for Women's Rugby World Cup
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Gazans mourn Al Jazeera staff killed by Israel
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Colombia presidential hopeful dies after June rally shooting
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Stocks cautious before tariff updates, US data
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India look to break 'final barrier' in Women's World Cup
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Springboks move captain Kolisi to No 8 for Australia opener
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Mourners gather in Gaza for funeral of Al Jazeera staff killed by Israel
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Tributes to legendary Japan striker hailed by Pele
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Indian top court orders roundup of stray dogs in Delhi
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Indonesia, Peru strike trade agreement as leaders meet
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Japan boxing to hold emergency meeting following deaths
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Chinese vessels collide while pursuing Philippine boat in South China Sea: Manila
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Australia to recognise Palestinian state
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Liverpool spend big to hold off Arsenal, City in Premier League title fight
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Four days left to square the circle on global plastic pollution treaty
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'My boss raped me': Japanese prosecutor's fight for justice
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Asian markets waver to start key week for trade, US data
RBGPF | 0% | 73.08 | $ | |
BCC | -1.67% | 80.74 | $ | |
NGG | 0.31% | 71.23 | $ | |
AZN | 0.72% | 74.07 | $ | |
BTI | 1.87% | 58.33 | $ | |
CMSC | 0.04% | 23.06 | $ | |
RIO | 0.45% | 62.14 | $ | |
RELX | 0.08% | 48.04 | $ | |
CMSD | -0.04% | 23.571 | $ | |
GSK | -0.24% | 37.71 | $ | |
SCU | 0% | 12.72 | $ | |
SCS | 0.5% | 15.96 | $ | |
JRI | -0.34% | 13.39 | $ | |
RYCEF | -0.84% | 14.3 | $ | |
BCE | 0% | 24.35 | $ | |
BP | -0.56% | 33.95 | $ | |
VOD | 1.3% | 11.51 | $ |
Stocks cautious before US inflation report
Global equity markets were mixed Monday as investors await key US inflation data this week that could offer guidance on interest rate cuts long sought by President Donald Trump.
Reports that semiconductor giants Nvidia and AMD would give Washington a 15-percent cut of the revenue from certain chip sales to China also bolstered expectations of a further pause on higher US tariffs against Beijing.
On Monday afternoon, US media reported that Trump had signed an order to delay the reimposition of steeper tariffs on Chinese products by another 90 days, citing Trump administration officials.
The White House did not respond to queries on the matter.
For now, it appears that investors are awaiting new US consumer price index figures. Adam Sarhan of 50 Park Investments warned that a cooler than expected reading could still be "a double-edged sword."
While a lower inflation reading would give the Fed room to cut rates, on the other hand, "it's not bullish because that means the economy's slowing," he added.
Also in view is a high-stakes summit between Trump and Russian President Vladimir Putin on Friday in Alaska, which could pave the way for a Ukraine ceasefire and ease tough Western sanctions against Moscow.
London's FTSE 100 index edged higher but Paris and Frankfurt closed lower, pulled down in particular by defense stocks as investors calculated the chances of an end to the Ukraine war.
Major Wall Street indices closed lower.
"Markets are bracing for a surprisingly busy week, with several key events and data releases likely to shape sentiment," notably US inflation, said Jim Reid, managing director at Deutsche Bank.
Investors have ramped up their bets the Fed will lower borrowing costs at its next policy meeting in September following a series of reports -- particularly on jobs -- indicating weakening in the world's biggest economy.
Stocks in Hong Kong and Shanghai rose on Monday, while Tokyo was closed for a public holiday.
Gold futures retreated after hitting a record high Friday, when a letter released by US customs authorities signaled the precious metal should also be subject to new US duties.
But Trump said Monday that gold would not face additional tariffs.
In company news, Nvidia and AMD shared both closed lower.
Elsewhere, shares in Danish renewable energy firm Orsted plunged 30 percent in Copenhagen as the company said it would raise $9.4 billion by selling new shares.
The company added that it dropped plans to sell a stake in its Sunrise Wind project over Trump's decision to freeze federal permitting and loans for all offshore and onshore wind projects.
- Key figures at around 2030 GMT -
New York - Dow: DOWN 0.5 percent at 43,975.09 points (close)
New York - S&P 500: DOWN 0.3 percent at 6,373.45 (close)
New York - Nasdaq: DOWN 0.3 percent at 21,385.40 (close)
London - FTSE 100: UP 0.4 percent at 9,129.71 (close)
Paris - CAC 40: DOWN 0.6 percent at 7,698.52 (close)
Frankfurt - DAX: DOWN 0.3 percent at 24,081.34 (close)
Hong Kong - Hang Seng Index: UP 0.2 percent at 24,906.81 (close)
Shanghai - Composite: UP 0.3 percent at 3,647.55 (close)
Tokyo - Nikkei 225: Closed for a holiday
Euro/dollar: DOWN at $1.1617 from $1.1643
Pound/dollar: DOWN at $1.3435 from $1.3451 on Friday
Dollar/yen: UP at 148.12 yen from 147.79 yen
Euro/pound: DOWN at 86.47 pence from 86.54 pence
Brent North Sea Crude: UP 0.1 percent at $66.63 per barrel
West Texas Intermediate: UP 0.1 percent at $63.96 per barrel
burs-ajb-bys/sla
P.Vogel--VB