Shares dipped slightly and the dollar firmed on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve's rate plans, while the likely collapse of a major digital asset exchange rattled crypto investors, Reuters reported.
MSCI's world stock index (.MIWD00000PUS) slipped 0.36%, dragged down by losses in Asia (.MIAPJ0000PUS), but stayed in sight of this week's two month high.
British (.FTSE), French (.FCHI) and German (.GDAXI) share benchmarks traded sideways, with traders cautious ahead of the data, while U.S. S&P500 futures gained 0.4%.
Sky-high inflation has caused the Fed to raise rates aggressively this year, a process that has boosted the dollar and caused U.S. Treasuries and shares around the world to sell off sharply.
Hopes the Fed might be nearing the end of this process have helped stocks to rally in recent weeks though.
The release of U.S. CPI data, due at 1330 GMT, is the main event of the day for markets as investors try to position themselves based on when and at what level they think U.S. interest rates will peak.
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