LONDON: Europe's main stock markets fell Wednesday after recent volatile swings and US stocks turned lower after a week-long post-election rally, while the dollar surged.
Paris, Frankfurt and London all dropped, a day after marching higher on rising oil prices which also fell Wednesday.
CMC Markets analyst Jasper Lawler noted that Donald Trump's presidency after his shock win last week was "still front and centre" for markets.
London's benchmark FTSE 100 was pulled lower by the construction and real estate sectors over concerns about Britain's decision to exit the EU, analysts said.
Investors also digested official data showing that Britain's jobless rate dipped to an 11-year low of 4.8 percent in the three months to September.
US equities markets were down following the release of economic data showing US wholesale inflation and industrial production flat in October, both falling below analyst expectations.
Analysts said the dollar hit a 13-year high against a basket of currencies Wednesday, as confidence grew that the US Federal Reserve would hike interest rates in mid-December.
"Even before the election, the greenback's fundamental picture was brightening, helped by the US economy's strongest growth in two years last quarter when it grew nearly 3 percent," senior market analyst Joe Manimbo, of Western Union Business Solutions, said in a note to clients.
"Quicker growth was supportive of the Federal Reserve raising rates this year.
"Now with a new administration coming to Washington next year, the world's top economy appears poised to receive a meaningful tailwind in the form of fiscal stimulus and tax cuts."
- US fiscal boost? -
Wall Street had advanced Tuesday as the Dow Jones Industrial Average gained for the seventh day -- including four straight record closes -- with energy and tech stocks also following oil higher.
Commentators said the cheerful mood in New York was partly an extension of the post-election rally following the surprise victory of Donald Trump, who has pledged to slash taxes and boost spending.
However, Trump's victory continues to fan uncertainty over the global economic outlook, which also remains clouded by the prospect of Britain's exit from the EU.
Energy firms had led a rally in many Asian markets on Wednesday after oil prices soared on hopes for a deal by producers to cut output at the end of the month.
But prices fell in late European trading after figures showing a rise in weekly US stocks and as concerns crept in about whether OPEC will hammer out an accord to tackle a stubborn supply glut that has depressed prices since 2014.
London - FTSE 100: DOWN 0.6 percent at 6,749.72 points (close)
Frankfurt - DAX 30: DOWN 0.7 percent at 10,663.87 points (close)
Paris - CAC 40: DOWN 0.8 percent at 4,501.14 points (close)
EURO STOXX 50: DOWN 0.7 percent at 3,029.06
New York - Dow: DOWN 0.4 percent at 18, 852.35
Tokyo - Nikkei 225: UP 1.1 percent at 17,862.21 (close)
Hong Kong - Hang Seng: DOWN 0.2 percent at 22,280.53 (close)
Shanghai - Composite: DOWN 0.1 percent at 3,205.06 (close)
Euro/dollar: DOWN at $1.0687 from $1.0725 Tuesday
Dollar/yen: UP at 109.21 yen from 109.16 yen
Pound/dollar: DOWN at $1.2447 from $1.2455
Oil - West Texas Intermediate: DOWN 27 cents at $45.54 per barrel
Oil - Brent North Sea: DOWN 38 cents at $46.57
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