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Euro STOXX 600 down 0.3%<br> <br> <br> <br> *<br> <br> <br> <br> Dollar holds near two-week high<br> <br> <br> <br> *<br> <br> <br> <br> Investors await US inflation, Canada rate decision<br> <br> <br> <br> *<br> <br> <br> <br> MSCI Asia ex-Japan -0.4%; S&P 500 futures steady<br> <br> <br> <br> (Updates during European morning trading hours)<br> <br> <br> <br> By Tom Wilson and Tom Westbrook<br> <br> <br> <br> LONDON/SINGAPORE, Dec 11 (Reuters) - European shares lost <br> <br> ground on Wednesday, mirroring a drop in Asian stock markets, as investors cautiously awaited U.S.<br> <br> inflation data that is expected to put the Federal Reserve on course to <br> <br> cut rates again, with the dollar holding near a two-week high.<br> <br> <br> <br> <br> <br> European shares fell 0.2%, easing further away from a seven-week high touched on Monday, weighed <br> <br> down by a series of downbeat corporate results.<br> <br> <br> <br> Investors were cautious because - with an 85% chance of a U.S.<br> <br> rate cut next week priced in and with Wall Street indexes around record highs - potential for disappointment exists.<br> <br> <br> <br> <br> <br> The median forecast of economists polled by Reuters <br> <br> is for headline and core U.S. consumer prices increasing 0.3% <br> <br> month on month for November. No forecasts were above 0.3%, which <br> <br> analysts say leaves markets vulnerable to a surprise.<br> <br> <br> <br> "US inflation has been on the stubborn side in recent months," Deutsche Bank <br> <br> analysts wrote. "The general consensus is it´s going to be a stronger one again."<br> <br> <br> <br> MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5%.<br> <br> <br> <br> <br> <br> Still, U.S. stock futures rose 0.1%. The S&P 500 had dipped 0.3% on Tuesday though it was just 65 points - just short <br> <br> of 1% - shy of its all-time high.<br> <br> <br> <br> U.S. yields had ticked marginally higher and benchmark 10-year yields were steady at 4.230%.<br> <br> <br> <br> <br> <br> The U.S. dollar index, which measures the currency against the <br> <br> yen and five other major peers, rose slightly to 106.48.<br> <br> It had reached a one-week high of 106.63 in the previous session.<br> <br> <br> <br> China's yuan fell and currencies across Asia lost ground on the dollar after Reuters reported that China was <br> <br> considering allowing a weaker currency next year to weather any higher tariffs.<br> <br> <br> <br> <br> <br> The yuan fell around 0.3% to 7.2803 per dollar, <br> <br> with the Korean won and the China-sensitive Australian and New Zealand dollars also dipping.<br> <br> <br> <br> <br> <br> CUTS AHEAD<br> <br> <br> <br> The Canadian dollar touched a 4-1/2 year low on Tuesday and, at <br> <br> C$1.4165 per dollar, was close by on Wednesday as traders saw an 89% chance of a super-sized 50 basis point rate cut by the Bank <br> <br> of Canada later on Wednesday.<br> <br> <br> <br> Canada has already reduced rates by 125 basis points (bps) this cycle but news last week <br> <br> that the jobless rate spiked to an eight-year high of 6.8% in November has driven bets on an extra 50 bps of cuts, which <br> <br> would bring the overnight rate to 3.25%.<br> <br> <br> <br> "We think today's Bank of Canada decision may have some read over to the US," ING analysts wrote,<br> <br> noting that a 50 bps cut would signal a "strong view" that the Fed will cut rates by 25 <br> <br> bps next week.<br> <br> <br> <br> Broader foreign exchange markets were steady, with the euro down 0.2% at $1.051 and the yen last fetching 151.53 per dollar.<br> <br> <br> <br> <br> <br> Markets have fully priced a European Central Bank rate cut on Thursday and a 61% chance of a 50 bps cut from the Swiss National Bank, which would help cool a rally in the franc.<br> <br> <br> <br> <br> <br> <br> <br> The Aussie was nursing a 1% drop from the previous session at $0.6372.<br> <br> <br> <br> <br> <br> Australia's central bank had on Tuesday left rates <br> <br> on hold, as expected, but dropped a veiled reference to the <br> <br> possibility of a future rate hike and sent the Aussie dollar down sharply.<br> <br> <br> <br> <br> <br> In other commodity markets, China's big policy shift this week <br> <br> seemed to lend support to oil prices, with Brent crude futures up 0.3% to $72.38 <br> <br> a barrel.<br> <br> <br> <br> Arabica coffee prices hit a record just above <br> <br> $3.48 a pound on Tuesday as dealers worried that a drought would hurt output for top producer Brazil.<br> <br> <br> <br> <br> <br> <br> <br> (Reporting by Tom Wilson in London and Tom Westbrook in Singapore; Editing by Kim <br> <br> Coghill and Bernadette Baum)<br> <br> <br> <br> Also visit my page :: พวงหรีดใกล้ฉัน - http://k2sccporno.com/user/MaritzaAubry/