LONDON—World stocks pulled further away from 2–1/2 week highs touched earlier this week, with sentiment dampened by expectations for further rate hikes from big central banks, and with the focus fixed on the earnings season.
The pan-European STOXX 600 index, which hit 14-month highs on Tuesday, was down a third of a percent in early trade, while U.S. stock futures were broadly weaker in a bearish sign for the Wall Street open.
