Global Stocks, Wall Street Futures Lower Amid Inflation Pressure

People look at an electronic stock board showing Japan's Nikkei 225 index in Tokyo, Japan, on Sept. 16, 2022. Eugene Hoshiko/AP Photo

BEIJING—Global stocks and Wall Street futures fell Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might back off plans for more interest rate hikes.

London and Frankfurt opened lower. Shanghai, Tokyo, and Hong Kong retreated. Oil prices declined.