Wall Street futures flat, global stocks stumble, oil slides as inflation, earnings loom large

 LONDON (Reuters) — Wall Street futures were flat while global shares remained red on Monday and investors, wary of central bank narratives, braced for U.S. inflation data and a corporate reporting season where robust results are needed to justify high valuations.

Geopolitical tensions were also on the radar as disruptions in the Red Sea raised shipping costs in Europe, while the Israeli conflict with Hamas threatened to spread to Lebanon.

European oil and gas stocks fell 1.9% on the STOXX 600 as crude prices dipped following sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output.

https://www.globalbankingandfinance.com/wall-street-futures-flat-global-stocks-stumble-oil-slides-as-inflation-earnings-loom-large/

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