Global stocks were mostly lower Thursday ahead of U.S. inflation data and the Bank of England's decision on interest rates.
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The Stoxx Europe 600 edged down 0.1% shortly after the opening bell, led by losses in mining stocks. In Asia, most markets fell, paring recent gains on signs that China's economy is cooling.
Futures pointed to a 0.1% opening loss for the S&P 500, after Wall Street reached fresh records for a second day in a row on Wednesday.
The U.S. dollar was flat Thursday ahead of key inflation data.
Investors were awaiting the U.S. Consumer Price Index, due later Thursday, a proxy for inflation that could weigh on the Federal Reserve's monetary policy decisions. Stubbornly low inflation has lowered the odds of an interest-rate increase before the end of the year.
Traders were also anticipating the Bank of England's policy announcement, when it is expected to keep interest rates unchanged at 0.25% despite rising inflation. In the U.K., the FTSE 100 fell 0.1% while the British pound remained unchanged against the U.S. dollar.
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In the bond market, the 10-year Treasury yield moved slightly lower Thursday to trade at 2.193% according to Tradeweb, compared with Wednesday's close of 2.194%. Meanwhile, the 10-year German government bond yield was higher at 0.412%, from 0.405% Wednesday. Yields rise as prices fall.
In Asia, tepid economic data from China sent key stock indexes lower on Thursday, reversing early gains. Japan's Nikkei 225 was off 0.3% and Hong Kong's Hang Seng Index was down 0.5%, while South Korea's Kospi rose 0.8%.
Business activity in the world's second-biggest economy slowed further last month, falling short of expectations. Chinese retail sales, industrial production and fixed-asset investment all slowed last month.
"It was a surprise to us that the growth rate in fixed-asset investments came down so speedily, mostly due to the weakness in construction sector, " said ING's Greater China economist Iris Pang. The latter is a direct reflection of a dip in real estate activity, likely due to Beijing's efforts to cool the overheating property market, Ms. Pang said.
Lower-than-expected economic data in China, the world's biggest consumer and importer of copper, also weighed on the metal. Three-month London Metal Exchange copper futures fell 0.6% to $6,514.50 a metric ton.
Elsewhere in the commodities market, Brent crude lost 0.3% to trade at $55.03 a barrel and gold fell 0.2%.
Write to Kenan Machado at firstname.lastname@example.org
(END) Dow Jones Newswires
September 14, 2017 03:49 ET (07:49 GMT)