Global shares fall as tensions rise in Middle East

Investor concerns were compounded by hotter-than-expected consumer inflation data from the UK

Wall Street dipped on Wednesday as the Middle East conflict dampened risk appetite and raised oil supply concerns. Photograph: Michael M Santiago/Getty

There was little on the upside on the day, with some of the largest gains for software developer Datalex, which rose by 1.82 per cent to €0.56, and agri-services group Origin Enterprises which gained 1.34 per cent to €3.40. Paddy Power parent company Flutter Entertainment fell by 1.56 per cent to €151.10, and building materials company Kingspan fell by 0.43 per cent to €65.34.UK stocks fell on Wednesday as higher-than-expected consumer inflation data cemented fears of the Bank of England further tightening monetary policy.

The UK’s largest home builder Barratt Developments refrained from providing a full-year profit forecast, citing an “uncertain” outlook in a challenging mortgage market. The stock lost 5.14 per cent. Dutch chip equipment firm ASML dropped 3.44 per cent after its order intake plunged in the third quarter, amid a slump in the semiconductor industry.

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