World shares fall on U.S. inflation, ECB announcement

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By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global share markets slid on Thursday as inflation in the United States hit almost 8%, likely cementing the case for an interest rate hike by the U.S. Federal Reserve, and the European Central Bank sped up its exit from its massive stimulus program. Data showed U.S. consumer inflation running at a 7.9% annualized clip in February, bang on analysts’ expectations. Wall Street fell on the data, giving up some of the gains notched in the prior session’s relief rally. Euro zone stocks slumped on Thursday, hitting session lows after the ECB surprised …

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