Global stocks remained mixed on Monday morning as investors seek more clues about the path that central banks may take with their interest rate policies going forward.
Futures on the S&P 500, Nasdaq 100, and the Dow Jones Industrial Index all remained relatively unchanged, as were those on the Stoxx Europe 600. The MSCI Asia Pacific Index rose by 0.2%.
The dollar was also unable to find a clear course, with the Bloomberg Dollar Index remaining static. While the euro rose 0.1% against the dollar to $1.1032, the Japanese yen fell 0.8% to 142.35 per dollar. The sterling remained stationary at $1.2853.
European Central Bank President Christine Lagarde warned that interest rates in the eurozone could be hiked again, even if they are paused at the ECB’s next policy meeting. In the United States, Federal Reserve Bank of Minneapolis President Neel Kashkari painted a different picture, regarding the current inflation outlook to be “quite positive”.