BUZZ-U.S. stocks weekly: Wings clipped ** S&P 500 .SPX snaps five-week win streak , dips 0.5% amid interest rate concerns .N ** Benchmark U.S. 10-Year Treasury yield US10YT=RR hits 4-week highs ahead of the Fed's preferred inflation barometer, but then on Fri reverses back below a key Fibonacci retracement line ** Nasdaq .IXIC also snaps five-week win streak, though both it, SPX, and the Dow .DJI rise for the month ** That said, as for the Dow, until Fri, the force has been especially weak with

GLOBAL MARKETS-Stocks lose steam after U.S. data Updated prices at 11:14 a.m ET/ 1514 GMT By Sinéad Carew and Huw Jones LONDON, May 31 (Reuters) - MSCI's global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April, while the dollar fell with Treasury yields as investors still bet on Fed interest rate cuts this year.

GLOBAL MARKETS-Stocks tick higher after U.S. inflation data Updated at 1250 GMT By Huw Jones LONDON, May 31 (Reuters) - Global shares ticked higher after U.S. inflation data showed no worrying signs of fresh upward momentum last month, as expected, though investors were still in the dark about when the Federal Reserve would start cutting interest rates.

GLOBAL MARKETS-Investors stand pat ahead of U.S. inflation data Updated at 1100 GMT By Huw Jones LONDON, May 31 (Reuters) - Investors kept their powder dry ahead of key U.S. inflation data on Friday, with hopes for a cut in euro zone borrowing costs next week still intact despite an uptick in prices sending German government bonds higher. Oil LCOc1 and the dollar =USD were little changed ahead of the U.S.

China stocks close down on weak PMI Updates to market closing levels SHANGHAI, May 31 (Reuters) - China stocks closed down on Friday, after an official factory survey showed the country's manufacturing activity unexpectedly contracted in May, while traders were also cautious ahead of a key U.S. inflation report later in the day. China's official purchasing managers' index (PMI) fell to 49.5 in May from 50.4 in April, below the 50-mark separating growth from contraction and missing a median forec