Stock Markets Waver as Traders Weigh Trump Tariffs, Inflation

US and European stock markets wobbled Wednesday as key US inflation data showed an uptick, with traders also weighing US President-elect Donald Trump’s tariff threats and a political standoff in France.

Wall Street saw red with both the Dow and S&P 500 retreating from records on the eve of the Thanksgiving holiday. The Nasdaq also declined.

European stock markets were also mindful of rising concerns Europe could be the next tariffs target for Trump.

The Paris stock market ended off 0.7 percent as a French political standoff over a belt-tightening draft budget for 2025 threatens to topple the government.

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