Global stock market takes a hit

By Agence France-Presse

Apr 21, 2023 12:06 am

NEW YORK CITY: Stubbornly high UK inflation and worries about future central bank moves to tame rampant consumer prices helped drag down stocks across much of the world on Wednesday.

London's benchmark FTSE 100 index ended 0.1 percent lower after official data stoked expectations of another interest-rate hike from the Bank of England that could weigh further on the economy.

HINDERED A man walks in front of the Bank of England, at the financial district in London on March 23, 2023. Much of the stocks worldwide were pulled down on Wednesday, April 19, 2023, by the inflation in the UK, as well as future worries in the global banking industry. AP PHOTO

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