Global stock markets fell Thursday ahead of a U.S. inflation update that will likely influence Federal Reserve plans for more interest rate hikes as investors waited to see who will control Congress after this week’s elections.
London, Shanghai, Frankfurt and Tokyo declined. U.S. futures were higher. The euro fell back below $1.
Wall Street’s benchmark S&P 500 index tumbled Wednesday as votes were counted to decide whether Republicans take control of Congress, possibly leading to changes that can unsettle markets. Investors were rattled by the crypto industry’s latest crisis of confidence and weaker profit reports from The Walt Disney Co. and some other companies.
