Global Stocks Dip From Record Highs Ahead Of US Inflation Data

Global stock markets retreated from recent all-time highs ahead of key U.S. inflation data, which investors are closely watching for signals on whether the Federal Reserve will cut interest rates next month. The U.S. S&P 500 fell 0.5%, with declines led by technology stocks such as Dell Technologies, Nvidia, Broadcom, and Oracle, despite some sectors like health care gaining ground. The personal consumption expenditures price index showed inflation remained elevated, with core inflation rising to its highest level since February, though the overall inflation rate held steady year-over-year. Political developments, including President Donald Trump's firing of Fed policymaker Lisa Cook and political uncertainty in Europe, added to market concerns, impacting European indices and bond yields. Asian markets showed mixed results, with Chinese stocks gaining strongly on hopes of an economic rebound, while Japan's Nikkei ended lower for the day despite monthly gains. Overall, investors are balancing optimism about economic growth and AI-driven tech earnings against inflation persistence and rising geopolitical and fiscal risks.