 "US Stock markets, Wall Street")
Global stock markets were mixed Tuesday after Wall Street hit a record for an eighth day.
London opened little-changed while Frankfurt, Shanghai and Hong Kong advanced. Tokyo and Sydney declined.
On Wall Street, the future for the benchmark S&P 500 index was up less than 0.1%.
US stocks were boosted Monday by gains for construction-related stocks after Congress last week approved a $1 trillion infrastructure bill.
Meanwhile, the deputy chairman of the Federal Reserve, Richard Clarida, said conditions to raise interest rates might not be met until late next year. Traders worry a spike in inflation might prompt central banks to withdraw stimulus that helped to boost stock prices.
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In early trading, the FTSE 100 in London lost less than 0.1% to 7,298.82 and the DAX in Frankfurt advanced 0.1% to 16,070.01. The CAC 40 in Paris shed less than 0.1% to 7,042.55.
On Wall Street, the future for the Dow Jones Industrial Average was off less than 0.1%.
On Monday, the S&P 500 added 0.1%. The Dow advanced 0.3% and the Nasdaq composite gained 0.1%, also setting records.
In Asia, the Shanghai Composite Index rose 0.2% to 3,507.00 while the Nikkei 225 in Tokyo lost 0.8% to 29,285.46. The Hang Seng in Hong Kong was 0.2% higher at 24,813.13.
The Kospi in Seoul lost 0.1% to 2,962.46 while Sydney's S&P-ASX 200 shed 0.2% to 7,434.20.
India's Sensex sank 0.3% to 60,353.72. New Zealand, Bangkok and Jakarta advanced while Singapore declined.
Also Tuesday, Japan's government reported wage growth fell to a three-month lost of 0.2% over a year earlier in September.
On Wall Street, steelmakers and other companies that stand to benefit from infrastructure spending also rallied following Congress' passage of the infrastructure bill.
Nucor gained 3.6%. Vulcan Materials, which sells crushed stone and concrete, rose 4.9%. Equipment-maker Caterpillar rose 4.1%.
Investor worries about inflation have been soothed by stronger corporate profits.
Advanced Micro Devices jumped 10.1% for the biggest gain in the S&P 500 after announcing Facebook parent company Meta would use AMD chips in its data centres. Chipmaker Nvidia rose 3.5%.
The Labour Department is due to report wholesale inflation Tuesday and consumer inflation Wednesday.
In energy markets, benchmark US crude oil rose 42 cents to $82.36 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 66 cents on Monday to $81.93. Brent crude, the price basis for international oils, added 37 cents to $83.80 per barrel in London. It gained 69 cents the previous session to $83.43 per barrel.
The dollar fell to 112.97 yen from Monday's 113.24 yen. The euro was little-changed at $1.1588.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
