Stocks retreated as tensions in the Middle East rose and data suggested central banks have more to do to control inflation. Concerns about China's real estate sector are overshadowed better than expected Readings about the country's economy.
US stock futures fell and the European Stoxx 600 fell 0.4%, while gold and oil Demonstrations resumed after a planned summit between President Joe Biden and Arab leaders. it was cancelled after an attack on a Gaza hospital. The pound gained later UK inflation exceeded forecasts, leaving open the possibility of a new rate hike by the Bank of England. This news followed strong US data on Tuesday.
