GLOBAL MARKETS-Stocks slip, crypto haemorrhage deepens amid inflation worries
Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets seen vulnerable to any removal of monetary stimulus.
Also weighing on digital coins were new Chinese restrictions on financial institutions providing services related to cryptocurrency transactions.
European stocks are expected to drop, with both Euro Stoxx futures and Britain’s FTSE futures trading about 1% lower.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.3% though Hong Kong and South Korea are closed for holidays.
Mainland China’s CSI300 slipped 0.1% while Japan’s Nikkei lost 1.5%.