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Stock markets waver as traders look for fresh impetus [Video]

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European stock markets fell while Wall Street indices were little changed Tuesday as traders awaited more signs on the direction of interest rates and an earnings update from US tech giant Nvidia.

In some markets, profit-takers appear to have stepped in to take advantage of strong gains in recent sessions.

“It looks as if investors are choosing to take some money off the table now,” said David Morrison, senior analyst at Trade Nation.

“There was little to influence market direction following all the excitement from last week’s ever-so-slightly positive, although just-as-expected” US consumer inflation data, he said.

Stock markets hit fresh record highs last week after figures showed US inflation slowed to 3.4 percent in April, raising hopes that the Federal Reserve will cut interest rates in the coming months.

But all major European markets were lower on Tuesday, while in New York the Dow and the broader S&P 500 …

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