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World Stocks Retreat as Inflation Augurs Fed Rate Hikes

BANGKOK—Shares were mostly lower in Asia on Thursday after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in the coming months. London, Paris, Tokyo, and Shanghai were lower while Sydney and Hong Kong advanced. Surging coronavirus cases have been raising uncertainty about the pace of recovery from the pandemic. Britain and Germany have endured severe waves of the highly contagious omicron variant of coronavirus. France is at the epicenter of Europe’s current fight against COVID-19, with new infections topping 360,000 a day in recent days. Germany’s DAX fell 0.2 percent to 15,973.58 while the CAC 40 in Paris sank 0.6 percent to 7,196.23. In Britain, the FTSE 100 lost 0.3 percent to 7,533.13. On Wall Street, the futures for the S&P 500 and for the Dow industrials were down less than 0.1 percent. In Asia, the omicron …

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