Global Stocks Tumble on US Inflation Fears

Global Stocks Tumble on US Inflation Fears

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Major stock markets across Europe and Asia nosedived on Wednesday, a day after a report showing stubbornly high price growth in the US prompted a selloff on Wall Street. The pan-European Stoxx 600 was down 0.5% by 10:50 GMT, extending losses from the previous day. Food and beverage stocks were the hardest hit, shedding 1.3%. Germany’s DAX dropped 0.47%, while France’s CAC 40 was down by 0.33%. The FTSE 100 index in London was trading 0.85% lower.
US stocks tanked on Tuesday, logging their worst day since June 2020, after a key August inflation report came in hotter than expected,...
Source: https://www.newswars.com/global-stocks-tumble-on-us-inflation-fears/