World shares fell Monday after last week’s decline on Wall Street, while signs of a s urge in coronavirus infections in China suggested progress may be uneven as it rolls back its “zero-COVID” pandemic restrictions.
Attention was turning to an update on U.S. consumer prices and the Federal Reserve's last meeting of the year.
Germany's DAX lost 0.5% to 14,295.91 and the CAC 40 in Paris shed 0.4% to 6,653.29. Britain's FTSE 100 gave up 0.3% to 7,453.26.China was setting up more intensive care facilities and trying to strengthen hospitals as it rolls back anti-virus controls that confined millions of people to their homes, crushed economic growth and set off protests.
Tokyo’s Nikkei 225 index gave up 0.2% to 27,842.33 after a survey of Japanese manufacturers released Monday showed a sharp deterioration in their outlook, with recession a growing possibility in the U.S. and other major markets. The business survey index fell to minus 3.6% in October-December from 1.7% in the previous quarter as manufacturers grappled with high prices for energy and other raw materials.Markets in Thailand were closed for a holiday.
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