GLOBAL MARKETS-Stocks Knocked by Alphabet Earnings; Gold Hits Record

GLOBAL MARKET - LONDON/SYDNEY. Global stocks fell on Wednesday, after disappointing earnings from Alphabet knocked Wall Street futures, while the dollar took a dive against the yen, which rallied sharply after Japanese wage data upped the chances of another rate hike.

Investors shrugged off comments from President Donald Trump that the U.S. would like to take over the war-ravaged Gaza Strip and develop it economically.