From Nasdaq:

Global markets are calm awaiting new inflation tests. New Zealand’s central bank hints at a less hawkish stance, while South Korean shares continue to rally. U.S. and euro zone inflation readings later in the week will dominate market action. Traders cautious, with European bourses expected to open muted.

Reserve Bank of New Zealand surprises markets with a trimmed projected policy path, leading to a rally in New Zealand bonds. Asian shares mostly lower, with the Nikkei taking a breather from record highs. South Korean stocks rise, lifted by the AI frenzy and government efforts to boost shareholder returns.

Focus on Reckitt Benckiser earnings, consumer demand amidst rising prices. Danone and Nestle plan to slow price hikes after two years of increases. M&A activity heats up for UK’s Currys, with a new bid from U.S. investor Elliott Advisors and potential offer from JD.com. Apple cancels electric car project.

Key events for Wednesday include euro zone economic sentiment data, industrial and services sentiment, consumer confidence for February. Reckitt Benckiser earnings also in focus. U.S. and euro zone inflation closely watched for market impact. ($1 = 0.7898 pounds)



Read more at Nasdaq: MORNING BID EUROPE-Calm prevails before inflation data, kiwi stirs