European equities and Wall Street stock futures drifted on Tuesday as caution ahead of US inflation data tempered a long winning streak for equities.
The Stoxx Europe 600, which has closed higher for 13 of the past 15 trading sessions and hit its latest all-time high on Monday, 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 records since 1997, slipped 0.1 per cent. Elsewhere, London’s FTSE 100 fell 0.3 per cent while the Hang Seng in Hong Kong rose 0.2 per cent. Tokyo’s Nikkei 225 closed 0.8 per cent lower.
Stock markets have rallied in Europe and the US during a better than expected third-quarter earnings season. The US Federal Reserve, the world’s most influential central bank, has signalled it will keep borrowing costs at record lows despite high inflation, providing a further boon to markets.
Economists expect data published on Wednesday to show…