European shares fall as selling pressure kicks in after recent gains

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European indexes fell in early trading and US futures were down as selling pressure kicked in Wednesday after a few days of strong gains. Asian shares advanced, led by a nearly 6 per cent jump in Hong Kong's share benchmark as markets there caught up after reopening from a holiday. Easing concerns about interest rate hikes by central banks have helped push markets higher in the past few days, but worries over inflation persist. Britain's FTSE 100 fell 1.2 per cent to 7,002.15 ahead of a speech by British Prime Minister Liz Truss where she was expected to defend her economic plans, including tax cuts that have roiled markets. Truss says she will stick with her plan to reshape Britain's econom

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European shares fall as selling pressure kicks in after recent gains

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Business Standard European shares fall as selling pressure kicks in after recent gains European indexes fell in early trading and US futures were down as selling pressure kicked in Wednesday after a few days of strong gains. Asian shares advanced, led by a nearly 6 per cent jump in Hong Kong's share benchmark as markets there caught up after reopening from a holiday. Easing concerns about interest rate hikes by central banks have helped push markets higher in the past few days, but worries over inflation persist. Britain's FTSE 100 fell 1.2 per cent to 7,002.15 ahead of a speech by British Prime Minister Liz Truss where she was expected to defend her economic plans, including tax cuts that have roiled markets. Truss says she will stick with her plan to reshape Britain's econom

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