LONDON—Stocks wobbled on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, as even Google parent Alphabet disappointed, adding to the angst over painfully high interest rates.
Overnight, Asian stocks rose from 11-month lows as investors cheered China’s approval of a trillion-yuan sovereign bond issue as a harbinger of stimulus, while the Australian dollar jumped after hotter-than-expected inflation lifted rate forecasts.
