skidded 0.5% from Tuesday's near three-week closing high, and was set for its biggest fall this month, snapping seven days of gains.lost 0.3% on fears the strong dollar would mean higher costs for imported material for manufacturers.
The greenback was helped by Tuesday data which showed U.S. retail sales rose faster-than-expected in October, potentially encouraging the U.S. Federal Reserve to accelerate the tapering of its asset purchase programme, as inflation remains stubbornly high.These also weighed on U.S. Treasuries with benchmark 10-year note yields reaching 1.649% in early Asia, a three-week high.
"Top of mind for everyone is inflation right now, it's still an issue after the numbers we got from the U.S. yesterday, and we've got a whole barrage of other inflation data coming today, particularly the U.K. and Canada," he added. FTSE futures slipped 0.37%, pointing to a weak open for British shares, while pan-region Euro Stoxx 50 futures and U.S. S&P 500 futures were flat.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »