European Shares Slide on Inflation and Energy Concerns
European shares fell to a near three-week low as rising oil prices and persistent inflation worries overshadowed relief from lower bond yields. The STOXX 600 closed slightly lower, led by declines in defense and banking sectors.
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European shares touched a three-week low on Wednesday, with the pan-European STOXX 600 closing 0.11% lower at 651.16 points. The decline followed firmer oil prices and persistent inflation worries that offset relief from easing bond yields. Global markets reacted to a liquidity intervention by the United States, which announced plans to double liquidity support for long-term debt.
