Shares wary on U.S. inflation, battered bitcoin charts recovery

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Reuters

By Tom Arnold and Wayne Cole LONDON/SYDNEY (Reuters) – Stocks struggled for momentum on Monday as investors awaited key U.S. inflation readings for guidance on monetary policy, while bitcoin rebounded from its hammering on news of China’s clampdown on mining and trading of cryptocurrencies. European stocks were 0.1% firmer, after gaining support from Friday’s data showing accelerating business growth in Britain and the euro zone for April. ECB President Christine Lagarde’s assertion the same day that it was still too early for the bank to discuss winding down its 1.85 trillion euro stimulus sc…

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