市场快报

European shares waver near record highs ahead of US inflation data

Producer price report expected to foreshadow further acceleration in consumer inflation

European equities and Wall Street stock futures drifted on Tuesday as a long winning streak for record-high stock markets was tempered by caution ahead of US inflation data.

The Stoxx Europe 600, which has closed higher for 13 of the last 15 trading sessions and hit its latest all-time high last Friday, was flat in early dealings.

Futures contracts on the US blue-chip S&P 500 share index, which on Monday closed out its longest unbroken series of record highs since 1997, also slipped 0.1 per cent lower. Elsewhere, London’s FTSE 100 fell 0.3 per cent and the Hang Seng in Hong Kong was 0.2 per cent higher.

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