Stocks wilt, dollar gains after robust inflation, jobs data

Published by
Reuters UK

By Lawrence Delevingne and Marc Jones (Reuters) -Stock markets sputtered on Thursday, pressured by a pullback in Chinese shares and rising bond market costs as stubbornly high European inflation and U.S. jobless claims data fuelled expectations of more global interest rate rises. European shares had already sagged to a one-month low by the time euro zone inflation numbers justified what is widely expected to be another 50 basis point hike in the European Central Bank’s already-decade high rates this month. Consumer price inflation in the 20 countries sharing the euro currency eased to 8.5% in …

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