US equity futures dropped and stocks in Europe were shaky, and the dollar continued its upward trend on Thursday after the rise in US inflation slowed expectations of the more robust Federal Reserve monetary tightening that could lead to an economic recession.

The Stoxx Europe 600 index edged lower due to real estate and telecom shares. S&P 500, as well as Nasdaq 100 contracts, fell in the lead-up to the earnings seasonthat was which was launched the previous day through JPMorgan Chase & Co. and Morgan Stanley. The Asian share index fell three times in the span of four days.