TOKYO—Global markets rose moderately Monday, although worries continued about economic growth and inflationary pressures.
France’s CAC 40 rose less than 0.1 percent in early trading to 7,522.58. Germany’s DAX gained 0.2 percent to 15,830.74. Britain’s FTSE 100 added 0.5 percent to 7,911.91. U.S. shares were set to drift higher with Dow futures up less than 0.1 percent at 34,059.00. S&P 500 futures rose 0.1 percent to 4,168.75.
Traders are focused on companies’ upcoming earnings reports and worry about how inflation might affect moves by the Federal Reserve and the world’s other central banks on interest rates.
“Earnings expectations for this quarter are not brilliant,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “But the good news is, the expectations are driven by conversations with corporate executives which love sounding pessimistic, so that when the results come in better than expected, the market reaction could be positive despite soft results.”…