European markets tumble as Eurozone inflation jumps to 13-year high

Markets

‘Investors are now nervously eyeing October, and wondering perhaps if this could be the beginning of further weakness.’ Photo: Daniel Roland/AFP via Getty Images

There was blood in the markets on Friday, as European stocks dragged lower after posting their first negative month since January.

It came as Eurozone inflation hit its highest level in 13 years due to surging energy prices. According to Eurostat, headline inflation came in at 3.4% last month, the highest level since September 2008…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *