LONDON—Global stocks fell and bond yields rose on Wednesday, while the dollar strengthened, as investors fretted over soaring inflation and the impact on global growth from looming interest rate rises.
Europe’s STOXX 600 index turned negative in morning trading, giving up early gains of 0.3 percent. British stocks fell 0.2 percent.
To blame were drops in commodity-linked and tech stocks that outweighed gains in banks and consumer shares, with data showing German retail sales fell by more than expected in April as consumers felt the pinch of higher prices.
Soaring food and energy costs drove eurozone inflation to a record-high 8.1 percent in May, figures on Tuesday showed, stoking concern about rate rises not just in Europe but globally….