"Global Markets React to Strong US Inflation, Raising Rate Hike Concerns"

Global stock markets were mixed as stronger US inflation data raised concerns about a potential rate hike by the Federal Reserve. Shanghai, London, and Tokyo saw declines, while Paris, Frankfurt, and Wall Street futures rose. The S&P 500 slipped after producer price inflation accelerated in July, and earlier data showed consumer prices also rose faster. Investors are looking for reasons for the Federal Reserve not to hike rates. Major US retailers are set to report quarterly results this week. Oil prices fell, and the dollar weakened against the yen while the euro gained.