Thornburg Investment Management Co-Head of Investments Jeff Klingelhofer in Reuters

World shares fall on U.S. inflation, ECB announcement

NEW YORK, March 10 (Reuters) – Global share markets slid on Thursday as inflation in the United States hit almost 8%, likely cementing the case for an interest rate hike by the U.S. Federal Reserve, and the European Central Bank sped up its exit from its massive stimulus program.

Data showed U.S. consumer inflation running at a 7.9% annualized clip in February, bang on analysts’ expectations. Wall Street fell on the data, giving up some of the gains notched in the prior session’s relief rally. read more

Read more here.