US stocks remained unchanged on Monday as investors awaited inflation data and the start of the first-quarter earnings season. The distraction of a solar eclipse and the potential delay of an interest rate cut by the Federal Reserve affected market sentiment. The Labor Department’s CPI report is expected to show a slight cooldown in price growth. The first-quarter reporting season will begin with numbers from major US banks on Friday. Tesla Inc shares received a boost after CEO Elon Musk announced the company’s plans to unveil its Robotaxi on August 8.
European shares opened marginally higher on Monday, led by gains in basic resources, although investor caution ahead of euro zone inflation data limited the rise. Basic resources led sectoral gains with a 0.7% jump after top metal consumer China’s industrial output and retail sales beat forecasts. In corporate updates, Signify climbed 5.2% after Barclays upgraded the stock and hiked its price target on the lighting solutions firm. Logitech shares dropped 6.5% following announcement that the computer equipment maker’s chief financial officer Charles Boynton will leave the company in May.
