European stocks and US futures slipped on Wednesday following a rally in the previous session, with the Federal Reserve poised to slow the pace of interest rate rises against a backdrop of cooling inflation.
The regional Stoxx Europe 600 fell 0.5 per cent in early trading while London’s FTSE 100 lost 0.3 per cent, despite UK inflation slowing to 10.7 per cent in November, down from 11.1 per cent in October.
Contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq 100 both fell 0.1 per cent even after US consumer price inflation eased more than expected in November to its lowest level in almost a year.
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