European shares fell on Friday, following declines in Asian equity markets, as traders assessed signs of persistently high inflation in the US and the prospect of imminent monetary policy tightening.
The regional Stoxx 600 Europe index fell 0.8 per cent in early dealings. London’s FTSE 100 lost 0.4 per cent. In Hong Kong, the Hang Seng share gauge slipped 0.3 per cent lower, while Japan’s Nikkei 225 lost 1.3 per cent.
Inflation figures on Wednesday revealed that US consumer prices rose by an annual 7 per cent in December — their fastest pace in almost four decades. Separate data on Thursday showed that US wholesale prices rose at an annual clip of 9.7 per cent in December.
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