Europe STOXX 600 Slips on Inflation Fears
European shares dropped as elevated oil prices fueled inflation worries. The STOXX 600 index closed lower for a seventh straight session. Meanwhile bond yields steadied following interventions.
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European stocks fell on Thursday afternoon as elevated oil prices prolonged inflation worries, though a stabilization in regional bond yields helped cushion the decline. The pan-European STOXX 600 closed 0.12% lower at 650.35 points, marking its seventh consecutive session of losses.
