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European shares pause near record high with eyes on U.S. inflation data

Published 13/04/2021, 08:07
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
April 13 (Reuters) - European shares hovered just below
all-time highs on Tuesday as strong export data from China
reinforced optimism around a swift global economic recovery,
while investor attention turned to key U.S. inflation data due
later in the day.
The pan-European STOXX 600 .STOXX was up 0.1% by 0703 GMT
after hitting a record high last week.
The export-heavy German stock index .GDAXI rose 0.2% as
data showed China's exports grew at a robust pace in March and
import growth surged to its highest in four years. Global stock markets have come under pressure since March
from rising U.S. bond yields, which have hit 14-month highs on
expectations that a raft of fiscal and monetary stimulus,
coupled with a faster-than-expected economic rebound, would lead
to a jump in inflation. US/
Focus on Tuesday will be on U.S. consumer price data, due to
be published at 1230 GMT. The consumer price index is expected
to have risen 0.5% in March following a 0.4% gain in the
previous month.
Swedish IT solutions provider Dustin DUST.ST jumped 8.4%
after it said it would buy Centralpoint, a seller of hardware
and software in the Benelux region, for 425 million euros
($505.6 million).

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