* Stocks slide as inflation scare drives uncertainty. * UK inflation hits 9%, in Canada rises to 6.8% * German 2-year yield hits 2011 high on ECB rate hike bets. By Herbert Lash. Global stocks tanked and the dollar strengthened on Wednesday as concerns about economic growth and rising inflation soured sentiment.
An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA) from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that "ESG is a scam".
* Stocks slide as inflation scare drives uncertainty. * UK inflation hits 9%, in Canada rises to 6.8% * German 2-year yield hits 2011 high on ECB rate hike bets. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash and Tommy Wilkes.
- Wall Street ended sharply lower on Wednesday, with Target (TGT) losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices. It was the worst one-day loss for the S&P 500 since June 2020.
* Target Corp (TGT) sinks as Q1 profit halves. * Futures down: Dow 0.47%, S&P 0.65%, Nasdaq 0.95% By Amruta Khandekar. Wall Street's main indexes were set for a lower open on Wednesday following a sharp rally in megacap growth stocks in the previous session that fizzled out on fears of aggressive monetary policy tightening and slowing economic growth.
- Wall Street ended sharply lower on Wednesday, with Target (TGT) losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices. It was the worst one-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.
* Stocks mixed, Europe and U.S. head lower, Asia rises. * UK inflation hits 9% but sterling sinks 1% * German 2-year yield hits 2011 high on ECB rate hike bets. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Tommy Wilkes.
Global stocks plunged and the dollar strengthened for the first time in four sessions on Wednesday as concerns about rising inflation on economic growth soured sentiment. The mood was underscored by a 9% surge in British consumer prices and a faster-than-expected acceleration in inflation in Canada.
* Stocks mixed, with Asian rising but Europe lower. * UK inflation hits 9% but sterling sinks. * German 2-year yield hits 2011 high. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Tommy Wilkes.
The Russian rouble weakened against the dollar on Wednesday but steadied not far from a five-year high against the euro, after losing the support of some capital controls and as sovereign default risk again became a prominent issue.
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