November 27, 2023Akshit Tyagi

Global shares decline as investors watch spending

Global shares mostly retreated Monday as investors awaited updates on consumer spending and inflation in the US and other nations.

Source: Freepik

France's CAC 40 edged 0.1% lower in early trading to 7,285.41, while Germany's DAX fell 0.2% to 15,997.64. Britain's FTSE 100 lost 0.3% to 7,467.37.

Source: Unsplash

In Asian trading, Japan's benchmark Nikkei 225 dipped 0.5% to finish at 33,447.67 after the producer price index in October came in a little higher than expected, at 2.3%.

Source: Unsplash

Traders have recently grown cautiously optimistic that inflation has cooled enough for the Federal Reserve to finally be done with its market-crunching hikes to interest rates.

Source: Pexels