(Bloomberg) — Stock markets edged lower Friday after a hotter-than-expected US inflation reading sowed uncertainty about the interest-rate outlook, and investors waited for the earnings season to kick off.
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Europe’s Stoxx 600 index traded flat, with France’s CAC 40 gauge recouping an earlier slide after authorities unveiled a budget that will raise taxes on businesses and wealthy citizens. Contracts on the Nasdaq 100 slipped 0.3%, dragged down by a 6% premarket drop in Tesla Inc. shares, after its robotaxi Cybercab launch was seen as light on detail.
Treasury bond yields held above 4% after Thursday’s US data showed a strong inflation print but a sharp rise in jobless claims, underscoring the challenge facing the Federal Reserve. Investors will monitor producer-price numbers later on Friday to gauge if the Fed’s battle to bring prices to target is stalling.
“The data is mixed and it’s probably…
