Hesitant shares reinforced the message that interest rates will stay higher for longer.
Chinese shares surged 1.8% on Friday amid hopes of improving growth in the world’s second largest economy.
A week-long holiday starting on Friday in China will also be a key test of whether consumer confidence and spending is starting to revive. Bruce Kasman, chief economist at JPMorgan, expects good news from US and European inflation results this week.
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