European shares pause near record high with eyes on U.S. inflation data By Reuters

European shares pause near record high with eyes on U.S. inflation data By Reuters

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) – European shares hovered just below all-time highs on Tuesday as strong export data from China reinforced optimism around a swift global economic recovery, while investor attention turned to key U.S. inflation data due later in the day.

The pan-European was up 0.1% by 0703 GMT after hitting a record high last week.

The export-heavy German stock index rose 0.2% as data showed China’s exports grew at a robust pace in March and import growth surged to its highest in four years.

Global stock markets have come under pressure since March from rising U.S. bond yields, which have hit 14-month highs on expectations that a raft of fiscal and monetary stimulus, coupled with a faster-than-expected economic rebound, would lead to a jump in inflation. [US/]

Focus on Tuesday will be on U.S. consumer price data, due to be published at 1230 GMT. The consumer price index is expected to have risen 0.5% in March following a 0.4% gain in the previous month.

Swedish IT solutions provider Dustin jumped 8.4% after it said it would buy Centralpoint, a seller of hardware and software in the Benelux region, for 425 million euros ($505.6 million).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *

Enter text shown below: