Global markets trade mixed as investors await US growth and spending data

Global stock markets traded in mixed territory on Tuesday as investors positioned themselves ahead of upcoming US growth and consumer spending data releases, according to Anadolu Agency.

Analysts pointed to rising oil prices as a key factor weighing on sentiment, noting that higher crude costs have been putting pressure on the US bond market. Some market watchers said the trend could prompt the Federal Reserve to consider accelerating its monetary tightening process if inflationary pressures build further.

Equity indices in several major markets showed divergent movement during the session, with some benchmarks edging higher while others slipped, reflecting investor caution ahead of the data releases. Bond yields moved higher in step with oil price gains, a pattern analysts said reflects growing concern about inflation persistence.

The upcoming US growth figures and personal spending data are seen as key inputs for the Federal Reserve's near-term policy decisions. Investors are watching closely for signs of whether the US economy is cooling enough to justify a pause in rate increases, or whether persistent price pressures could force policymakers to act more aggressively.

Market participants said volatility could persist in the near term as traders weigh the combination of energy price swings, bond market moves and incoming economic indicators.