Global shares and Wall Street futures sank on Tuesday ahead of the much-anticipated release of March data on U.S. inflation, which economists expect to have picked up its pace and the White House warned would come in “extraordinarily” hot. European shares opened 1 percent lower on Tuesday, Japan’s blue-chip Nikkei stock index shed 1.81 percent, and trade in U.S. equity futures suggested Wall Street would start the day weak on opening bell. MSCI’s world equity index was at its lowest levels in nearly a month, while oil prices rose more than $3 a barrel and U.S. 10-year Treasury yields climbed to new highs above 2.80 percent, the highest in around four years. Economists predict that the consumer price index (CPI), a measure of inflation, hit an annual 8.4 percent in the United States in March, up from 7.9 percent a month prior and a fresh 40-year high. On a month-over-month basis, economists …