Global markets wobble on the heels of U.S. stock plunge.

Major stock markets across Europe and Asia fell on Wednesday, a day after a report showing stubbornly high price increases in the United States prompted U.S. stocks to plummet.

Europe’s Stoxx 600 index fell 0.4 percent, extending losses from the previous day, when the U.S. inflation numbers spooked investors near the end of the trading day. Industrial production in the eurozone fell by more than expected in July, according to data released on Wednesday, a “nosedive” which Claus Vistesen, the chief eurozone economist at Pantheon Macroeconomics wrote was “consistent with our view that the economy is now entering a technical recession, due in part to softening activity in the industrial sector.”

Britain’s FTSE 100 fell 0.8 percent after a new report showed inflation in the country eased slightly last month, to 9.9 percent, but remains near a 40-year high.

Article source: https://www.nytimes.com/2022/09/14/business/asia-stock-markets.html