Stocks fall after investors are rattled by US inflation data

A pedestrian passes a Wall Street subway station near the New York Stock Exchange . Photographer: Michael Nagle/BloombergEuropean shares fell on Wednesday as higher than expected US inflation data raised bets about more aggressive Federal Reserve policy action, and also put pressure on the European Central Bank after the euro tumbled to parity with the dollar.

Packaging group Smurfit Kappa closed down 1.9 per cent at €32.22, while Flutter Entertainment dropped 1.65 per cent to €89.58. The banks also slipped, with Bank of Ireland falling 1.1 per cent to €5.74 and AIB down 2.9 per cent at €2.06 on a day with few gainers.The blue-chip FTSE 100 fell 0.7 per cent after hotter-than-expected US inflation data slammed global markets, while a surprise growth in Britain’s economy failed to assuage recession worries.

The Stoxx 600 index and the euro zone blue-chips index have fallen 15.4 per cent and 19.6 per cent year-to-date as investors fear aggressive policy tightening will squeeze growth.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks may suffer a ‘final leg lower’There is a large disconnect between how investors are feeling and how they are acting
Fonte: IrishTimes - 🏆 3. / 98 Consulte Mais informação »

Stocks fluctuate as recession risks rise‘Relief rally’ in airline stocks helps lift Irish and British indices into the green
Fonte: IrishTimesBiz - 🏆 6. / 77 Consulte Mais informação »