LONDON— Stocks slipped on Wednesday and the euro lurked just above parity against the dollar, as traders waited to see if U.S. inflation data later bolsters the case for another supersized Federal Reserve rate hike this month.
Recession worries meant Europe stumbled out the blocks after a relatively steady session in Asia Pacific where South Korea and New Zealand had jacked up their rates again.
Germany’s DAX and Italy’s FTSEMIB were both down over 1.2 percent early on. London’s FTSE was not far behind, while the euro teetered at $1.0025 as gas and oil prices rose again.
Copper, which is attuned to global growth, had hit a 20-month low too….