Analysts said sentiment was hit also by expectations the Federal Reserve wouldn’t cut US interest rates before March, as inflation stays high.
European stock markets dropped on Wednesday as traders reacted to more mixed earnings and weak German data, while Shanghai extended a rally on measures aimed at supporting China’s ailing economy.
Analysts said sentiment was hit also by expectations that the Federal Reserve was unlikely to cut US interest rates as soon as March, as inflation stays high.
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In Europe, official data Wednesday showed industrial production in Germany fell for a seventh straight month in December, capping a year of manufacturing weakness in Europe’s largest economy.
Frankfurt’s DAX index was down 0.3 percent in midday trading, while Paris and London were also lower.
In Asia, announcements this week out of…
