Markets mixed, US inflation lower than expected

Markets were mixed on Tuesday.

The S&P 500 fell 0.6 percent while the STOXX Europe 600 was flat.

Earlier in Asia, the Shanghai Composite fell 1.4 percent but the Nikkei 225 rose 0.7 percent.

A report showing that US consumer prices posted a smaller-than-expected 5.3 percent increase in August from a year ago failed to lift stocks.

“What we need to see to be fundamentally markets supportive is a continued easing in the inflation piece without deterioration in the economic outlook,” said Liz Ann Sonders, Charles Schwab chief investment strategist.