(Bloomberg) — Stocks took a breather on Monday as investors awaited key data later this week that may cast light on the outlook for interest rates on both sides of the Atlantic.
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The Stoxx Europe 600 index was little changed after posting its best weekly return since January amid optimism the European Central Bank is poised to ease policy as soon as next month. Futures on the S&P 500 and Nasdaq 100 edged higher. Treasury yields and the dollar were steady.
All eyes will be on US producer prices due Tuesday, ahead of April’s inflation print the next day. Data last week pointed to an economy that is slowing amid stubborn inflation, posing a challenge to the outlook for Federal Reserve policy. First-quarter GDP and employment data for the euro region are also due Wednesday.
“We need a catalyst to break the range on rates or change our view on risky assets,” said Mohit Kumar, chief economist for Europe at…
