Global stocks tumble on US inflation fears ...News

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Global stocks tumble on US inflation fears
This follows Wall Street’s plunge over a worse-than-expected US Consumer Price Index report for August Major stock markets across Europe and Asia nosedived on Wednesday, a day after a report showing stubbornly high price growth in the US prompted a selloff on Wall Street. The pan-European Stoxx 600 was down 0.5% by 10:50 GMT, extending losses from the previous day. Food and beverage stocks were the hardest hit, shedding 1.3%. Germany’s DAX dropped 0.47%, while France’s CAC 40 was down by 0.33%. The FTSE 100 index in London was trading 0.85% lower. US stocks tanked on Tuesday, logging their worst day since June 202

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