European stocks fall as inflation concerns worsen amid Middle East tensions
Gulf Times
European stocks fall as inflation concerns worsen amid Middle East tensions
European shares fell on Thursday as traders assessed the likelihood of an imminent interest rate hike by the European Central Bank (ECB) and amid concerns about ongoing tensions in the Middle East. The pan-European STOXX 600 was down 0.6% at 583.8 points, and was on track to break a three-day winning streak. Meanwhile, rising yields on short-term European bonds, which reflect interest rate expectations, weighed on stocks.
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