- European stocks are lower after mixed GDP data out of the eurozone, with France and Italy especially disappointing, although Germany maintained its role as the bloc's engine of growth.
- Asian stocks trade mixed as investors digest earnings and strong but probably temporary Japanese economic growth.
- Investors are also awaiting U.S. inflation data, which is due out later. Economists expect that CPI rose 0.3% on month in April after increasing 0.2% in March. On year, inflation is seen accelerating to 2% from 1.5%.
- Japan -0.8%, Hong Kong +0.7%, China -1.1%, India +0.4%.
- Euro Stoxx 600 -0.1%, London -0.1%, Paris -0.2%, Frankfurt -0.1%, Milan -1.1%, Madrid -0.1%.
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