Stocks fall, oil holds gains ahead of key US inflation data

Published by
Reuters UK

By Tom Wilson and Stella Qiu LONDON/SYDNEY (Reuters) – Shares fell on Wednesday as markets braced for key U.S. inflation data, with a spike in oil prices fuelling anxiety that price pressures are proving more ingrained than hoped. European stocks fell as much as 0.5% in early trading, with rate-sensitive tech stocks losing 0.8%. The crucial U.S. Consumer Price Index (CPI) report, due at 1230 GMT, will shed light on the inflation outlook and provide some clarity over whether the Federal Reserve has finished raising rates. While core CPI is seen cooling to 4.3% year-on-year in August from 4.7%, …

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