World shares are mixed ahead of a decision by the Federal Reserve on its final interest rate hike for the year.
to raise its benchmark rate a half-point Wednesday, smaller than the past four hikes of three-quarters of a point.Germany's DAX slipped 0.6% to 14,407.75, while the CAC 40 in Paris also lost 0.6% to 6,704.70. Britain's FTSE 100 gave up 0.4% to 7,471.04.
“Today’s Tankan survey suggests that while the services sector is going from strength to strength, the outlook for the manufacturing sector continues to worsen," Darren Tay of Capital Economics said in a commentary. He noted that capital spending projections also weakened slightly. “To be precise , the headline understates underlying inflation risks that concern the Fed," the report said.
Some of Wall Street's wildest action Tuesday was in the bond market, where yields fell sharply immediately after the inflation report's release.
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