scorecardresearchGlobal Markets Wrap: Stocks, US Futures Steady Before Crucial CPI Data

Global Markets Wrap: Stocks, US Futures Steady Before Crucial CPI Data

Updated: 13 Jul 2022, 08:14 AM IST
TL;DR.
Stocks in Asia edged up Wednesday and oil held losses in cautious trading shaped by a dimming economic outlook and the countdown to US data that may show inflation hit a fresh four-decade high.
FILE - Traders work on the floor at the New York Stock Exchange in New York, July 1, 2022. Stocks are opening lower on Wall Street as markets turn cautious ahead of earnings reports from big U.S. companies starting this week and more reports that will show how badly inflation is hitting American businesses and households. The S&P 500 fell 1.1% in the early going Monday, July 11, 2022 while drops in technology stocks helped send the Nasdaq composite down 2%. (AP Photo/Seth Wenig)

FILE - Traders work on the floor at the New York Stock Exchange in New York, July 1, 2022. Stocks are opening lower on Wall Street as markets turn cautious ahead of earnings reports from big U.S. companies starting this week and more reports that will show how badly inflation is hitting American businesses and households. The S&P 500 fell 1.1% in the early going Monday, July 11, 2022 while drops in technology stocks helped send the Nasdaq composite down 2%. (AP Photo/Seth Wenig)