(Reuters) – World shares dipped on Monday after a mixed U.S. jobs report triggered a rally in beaten-down bonds, but new hurdles lay ahead in the shape of U.S. and Chinese inflation figures due later this week.
MSCI’s broadest index of shares (.MIWD00000PUS) edged 0.2% lower in thin trade, after losing 2.6% last week.
European shares (.STOXX) fell 0.3%, weighed down by heavyweight mining, luxury and oil stocks, which were only in part offset by gains in defensive drugmakers.
Meanwhile in the U.S., stock markets looked set to open higher. S&P index futures added 0.2%, while Nasdaq futures ticked up 0.4%.
With roughly 90% of S&P 500 earnings reported, results are 4% better than consensus estimates, with more than 79% of companies beating the Street, according to Refinitiv I/B/E/S data. Results due this week include Walt Disney (DIS.N) and News Corp (NWSA.O).
Data on U.S. consumer prices are forecast to show headline inflation picking up slightly to an annual 3.3%, but the more important core rate is seen slowing to 4.7%.
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Source: www.reuters.com
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