Stock market rebound fizzles, UK inflation hits 40-year high – Reuters

Stock market rebound fizzles, UK inflation hits 40-year high – Reuters

LONDON, May 18 (Reuters) - A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed.

Asian stocks managed to eek out their fourth straight session of gains but in Europe shares were mixed and futures on Wall Street pointed to a weaker open , .

Many analysts have characterised this week's sharp rally as a short-term bounce of the sort common during a lengthier downward trend for equities. Few are willing to predict the end to selling after a bruising first five months of the year for risky assets given so much macroeconomic uncertainty.