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European Stocks Sink in Worst Day Since July on Rates, War Fears

  • 📰 BNNBloomberg
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European stocks slumped by the most in more than nine months on concerns that the conflict in the Middle East may escalate, with investors also worrying about interest rates remaining higher for longer.

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Markets today: Stocks sink as U.S. CPI shuts door on Fed June pivotWall Street traders sent stocks and bonds sliding after another hotter-than-estimated inflation report signaled the U.S. Federal Reserve will be in no rush to cut interest rates this year.
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