New York — Global equity markets edged lower on Wednesday, pulled lower over concerns about the launch of Apple’s new iPhone X, while the dollar rose after a report showed US producer prices rebounded in August, suggesting a strong economy. The yield on European and US government debt rose, with the benchmark 10-year US Treasury hitting a two-and-a-half week high. Oil prices rose after the International Energy Agency (IEA) said a global surplus was starting to shrink, even though US data showed another big increase in crude inventories due to the ongoing impact from Hurricane Harvey on the Houston energy hub. European equities pared earlier losses to edge higher thanks to gains in oil and banking stocks, which offset weak chipmakers and a fall in miners. Chipmakers that supply Apple were among the worst performers, with AMS down 3.9% and Dialog Semiconductor off 1.6%. STMicro ended up 0.1%. Chipmakers have been the best performing among Europe’s tech stocks this year, accounting for...
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