A $121 billion brewery mega-merger pumped up European shares on Wednesday, but dismal figures from top US retailer Macy’s pulled Wall Street down on fears over coming holiday sales.

The US slump — which also saw big oil companies tumble again — spoiled a global rally which began with records being smashed in China‘s 24-hour “Singles Day” online sales marathon.

Source: Pre-holiday retail jitters sink US shares – Yahoo News UK