Shares Drop Ahead of US Debt Ceiling Vote; China Data Rattles Nerves

Shares Drop Ahead of US Debt Ceiling Vote; China Data Rattles Nerves
Men walk past an electric board displaying Nikkei and other countries' indexes outside a brokerage in Tokyo, Japan, on Jan. 16, 2023. Kim Kyung-Hoon/Reuters
Reuters
Updated:

LONDON—Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while commodities and the Chinese yuan came under pressure after data highlighted faltering growth in the world’s second-largest economy.

The MSCI All-World Index of global shares, which is heading for its first monthly decline since February, was down 0.4 percent in mid-morning trade in Europe, largely due to declines across Asian markets.