Stocks Slide As US Inflation Surges, US And Iran Trade Strikes

Stock markets mostly fell on Wednesday as fresh strikes in the Middle East, a jump in US inflation and a tech sell-off weighed on sentiment.

Data showed US consumer inflation surged to a fresh three-year high in May, hitting 4.2 per cent year-on-year.

The increase, up from April’s 3.8 per cent figure, follows strong US jobs figures last week that ramped up expectations for a rate hike.

Analyst…