Shares, dollar skid on weak US economic data

NEW YORK:  Global equity markets slid for a second day and the dollar sank to a seven-week low on Wednesday as weak U.S. retail sales and a drop in producer prices boosted expectations the Federal Reserve will not raise interest rates until next year.

Mixed earnings from major U.S. banks, limp inflation figures from China and further declines in commodities also helped dampen the appetite for stocks and the dollar.