Stocks stuck, oil sags as US inflation and debt woes loom

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By Tom Westbrook and Lawrence White SINGAPORE/LONDON (Reuters) – Stocks were lethargic and oil slid on Wednesday ahead of U.S. consumer price data that could damage hopes for interest rate cuts later this year, while President Joe Biden’s failure to break a deadlock on the debt ceiling also dampened markets. Europe’s benchmark STOXX index fell 0.3%, echoing a decline in MSCI’s broadest index of Asia-Pacific shares outside Japan, and S&P 500 futures also sagged. The sour mood in European stocks came despite uplift from the financial sector, where expectation-beating earnings from Credit Agricol…

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