Wall Street stocks were mixed on Tuesday while European equities inched to new highs as investors looked ahead to the release of key US inflation data.
The S&P 500 index of blue-chip US stocks was 0.1 per cent higher in the New York afternoon, while the technology-focused Nasdaq Composite fell 0.5 per cent. In Europe, the regional Stoxx 600 index reached a new closing high, up 0.3 per cent, having traded up as much as 0.5 per cent earlier in the day, led by the food-delivery services Deliveroo and HelloFresh, which have prospered during pandemic lockdowns.
The dollar edged up towards its July peak compared with a basket of currencies, while US government bond yields continued to rise in the wake of hawkish statements from Federal Reserve policy committee members on Monday. The yield on the benchmark US 10-year Treasury note rose to its highest in three weeks on Tuesday, touching 1.34 per cent — a 0.2 percentage point rise since last week’s six-month lows.