Shares slipped Thursday in Europe and Asia after a retreat on Wall Street pulled the S&P 500 and the Dow Jones Industrial Average back from their latest record highs. Shares fell in London, Frankfurt, Tokyo, and Shanghai but rose in Paris. A steady flow of corporate report cards continues Thursday with industrial bellwether Caterpillar and technology giant Apple. Amazon and Starbucks will also report their results on Thursday. Outside of earnings, investors will get an update on U.S. economic growth when the Commerce Department releases its report on third-quarter gross domestic product on Thursday. Investors are also looking ahead to the Federal Reserve’s meeting next week to see how it moves forward with plans to trim bond purchases and its position on interest rates. Germany’s DAX edged 0.1 percent lower to 15,690.45 while in London, the FTSE 100 declined 0.4 percent to 7,221.86. The CAC 40 in Paris added 0.3 …
World Shares Retreat, Chilled by Decline on Wall Street
October 28, 2021
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