Markets stall, inflation and bitcoin rise amid Trump fears [Video]

Global equities stalled Wednesday while bitcoin hit a fresh high as traders fret over the impact of Donald Trump’s presidency on the Chinese and global economies amid fears his policies may reignite US inflation, which rose on latest data.

The prospect of higher prices on the back of Trump’s planned tax cuts, import tariffs and an easing of regulations gave fresh impetus to the dollar, which has rallied since the Republican’s election win last week.

Adding to concerns on the impending transfer of White House power, key US October consumer price data saw a 2.6-percent rise, up from 2.4 percent in September, the Labor Department said.

Although the figure was in line with the median forecast of economists surveyed by Dow Jones Newswires and …