LONDON—Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while commodities and the Chinese yuan came under pressure after data highlighted faltering growth in the world’s second-largest economy.
The MSCI All-World Index of global shares, which is heading for its first monthly decline since February, was down 0.4 percent in mid-morning trade in Europe, largely due to declines across Asian markets.
U.S. stock index futures and fell by 0.3–0.4 percent.
Data showed China’s manufacturing activity fell more than expected in May, while services growth—which has been one of the few bright spots in its patchy recovery—slackened to its slowest pace in four months….