Global shares strike wary stance ahead of US data
Investors are waiting for key US inflation readings for guidance on monetary policy, while bitcoin rebounds from its recent hammering
24 May 2021 - 12:01
London/Sydney — Stocks struggled for momentum on Monday as investors awaited key US inflation readings for guidance on monetary policy, while bitcoin rebounded from its hammering on news of China’s clampdown on mining and trading of cryptocurrencies.
European stocks were 0.1% firmer, after gaining support from Friday’s data showing accelerating business growth in Britain and the eurozone for April. European Central Bank (ECB) president Christine Lagarde’s assertion the same day that it was still too early for the bank to discuss winding down its €1.85-trillion stimulus scheme had also lent support...
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