Shares fall on fears over China, U.S. taxes, central bank policy

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Shares fall on fears over China, U.S. taxes, central bank policy
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World shares fell on Friday, pressured by concerns over China's markets, the potential for a U.S. corporate tax hike and an update on the U.S. Federal Reserve's tapering strategy next week.

Stock market prices were expected to be erratic on Friday due to "quadruple witching" day, when four different futures and options contracts expire.The yield on Germany's 10-year government bond , the benchmark for the euro zone, was at -0.280% after rising as much as 3.5 basis points to a two-month high of -0.277%, after a Financial Times report suggested the European Central Bank expects to hit its 2% inflation target by 2025.

Stronger-than-expected U.S. retail sales data on Thursday boosted the dollar, which held steady near the previous day's three-week high against an index of currencies . The dollar index, a gauge of the greenback's value against six major currencies, rose to 93.206 , its highest since late August.Spot gold dropped 0.1% to $1,751.90 an ounce. U.S. gold futures fell 0.26% to $1,749.40 an ounce.

U.S. crude recently fell 64 cents to $71.97 per barrel, and Brent settled at $75.34 a barrel, down 33 cents on the day.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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