LONDON/SYDNEY—Global stocks took a breath on Monday after a surprisingly low reading on Chinese inflation and ahead of data on U.S. inflation and corporate earnings later in the week.
The pan-European STOXX 600 index rose 0.1 percent by 0840 GMT while US stock S&P futures declined 0.2 percent and Nasdaq futures fell by 0.3 percent.
European stocks were lifted by drugmakers, which offset losses in China-sensitive chipmakers and luxury retailers following data that showed inflation fell in the world’s second-largest economy last month.
Chinese consumer price figures fell in June to be essentially unchanged from a year before, while producer prices slid deeper into negative territory….