Stocks stumble on inflation jitters, offsetting high Nvidia hopes | U.S. & World [Video]

By Tom Wilson

LONDON (Reuters) -Shares fell on Wednesday as stronger-than-expected inflation in Britain offset hopes that AI-heavyweight Nvidia could meet sky-high expectations, with investors waiting for clues on any moves by the U.S. Federal Reserve to begin to cut interest rates.

European stocks dipped 0.3% in early trading, after being poised earlier for slim gains. Britain’s FTSE 100 led losses among regional markets with a 0.4% drop.

S&P 500 futures and Nasdaq futures pointed to little change in Wall Street shares.

Inflation in Britain fell by less than expected in April and a key core measure barely dropped, sparking a jump in the pound and in British government bond yields, as well as prompting investors to cut their bets on a Bank of England interest rate cut in June.

The data underscored jitters over whether central banks would move as quickly as markets hope to reduce interest rates.

Still, investors awaited an …