European shares slip on oil and inflation fears
European shares dipped on Monday as rising oil prices fuelled inflation concerns following strikes between the United States and Iran. Novartis shares also fell after a drug trial failure.
Xurve View
Insights:
Xurve View
European shares edged lower on Monday morning as Brent Crude Oil climbed after strikes involving the United States and Iran in the Strait of Hormuz. The pan-European STOXX 600 fell 0.1% to 649.98 points, while Switzerland's main index dropped 1.2%. The geopolitical clashes have heightened inflation concerns, reinforcing expectations that the European Central Bank will raise interest rates this week.
