Equities Under Pressure Ahead of Key US CPI Data: Markets Wrap

Markets were cautious as investors awaited highly anticipated US inflation data later on Thursday. Shares were falling and currencies moved.

Along with European futures, stocks sank in South Korea, Hong Kong, and Japan.

After the S&P 500 experienced its sixth straight loss and dropped to its lowest point since November 2020, US contracts showed no change.

The yen slowly recovered from a recent 24-year low that had markets on the alert for Japanese intervention, while the dollar clung onto recent gains.

Investors are on edge as they wait for consumer pricing data that might determine whether the Federal Reserve announces a fourth consecutive outsized increase in interest rates

This information caused a temporary surge on Wall Street that immediately subsided.


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