MSCI's world equity index, which tracks shares in 50 countries, fell 0.14% to close at 726.33, after earlier setting a new high at 728.77. In Europe, the broad FTSEurofirst 300 index added 0.07% to set a record close of 1, 779.34. On Wall Street, the Dow Jones Industrial Average fell 0.31% to 34, 888.79, the S&P 500 lost 0.35% to 4, 369.21 and the Nasdaq Composite dropped 0.38% to 14, 677.65.
NEW YORK/LONDON: Bond yields jumped and global share prices slipped after posting new highs on Tuesday as the biggest hike in U.S. inflation in 13 years rattled investors who fear rising interest rates could end a stock market rally that has doubled prices from 2020 lows.
The yield on U.S. Treasury debt initially fell on news the U.S. consumer price index in June jumped 5.4% year over year, the largest gain since August 2008, the Labor Department said.
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