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European stock and Wall Street stock futures drifted Tuesday as caution over US inflation data weakened a long winning streak for stocks.

The Stoxx Europe 600, which closed higher in 13 of the last 15 trading sessions and hit its latest all-time high on Monday, remained unchanged in the early trading hours.

Futures contracts on the US blue-chip stock index S&P 500, which on Monday closed its longest uninterrupted record series since 1997, lost 0.1 percent. Elsewhere, London’s FTSE 100 fell 0.3 percent, while Hong Kong’s Hang Seng rose 0.2 percent. Tokyo’s Nikkei 225 closed 0.8 percent lower.

Equity markets in Europe and the US rebounded during a better-than-expected earnings season in the third quarter. The US Federal Reserve, the most influential central bank in the world, has signaled that it will keep borrowing costs at record low despite high inflation, which brings another boon to the markets.

Economists expect data released Wednesday to show US consumer price growth accelerated to 5.8 percent in October year-over-year, its highest level since 1990.

The rate of price increases in the US has been over 5 percent since May, well above the average interest rate targeted by the Fed of 2 percent.

The government bond markets were stable. The yield on the 10-year Treasury bond, which runs counter to the bond price and underpins the cost of debt and equity valuations worldwide, fell 0.02 percentage points to 1.481 percent.

Germany’s corresponding Bund yield remained unchanged at minus 0.252 percent, near its lowest level in a month after a few volatile weeks during which traders debated when the European Central Bank and the Bank of England could tighten their monetary policy.

The yield on 10-year Bunds was quoted at around minus 0.8 percent at the beginning of the month, while the yield on 10-year Treasuries was around 1.6 percent.

The pound sterling was stable against the dollar at $ 1.356. The dollar index, which measures the US currency against six others, was flat. Brent crude, the oil benchmark, rose 0.4 percent to $ 83.85 a barrel.