European stock markets nosedive amid fears of rising inflation

The London skyline at sunset as seen from Greenwich Park, London, showing skyscrapers in the City financial district. Wednesday could be the hottest day of the year so far as parts of the UK are set to bask in 30-degree heat. Picture date: Wednesday June 16, 2021. (Photo by Dominic Lipinski/PA Images via Getty Images)

A string of corporate news also moved individual stocks in London. Photo: Dominic Lipinski/PA Images via Getty Images

Stocks in Europe slumped into the red on Thursday as concerns around rising inflation resurfaced after signals from the US Federal Reserve.

In London, the FTSE 100 (^FTSE) nosedived 1.9%, hovering just above the 7,000 point mark, while the CAC (^FCHI) was 2.2% down in France, and the DAX (^GDAXI) fell 1.6 % in Germany.

“The FTSE 100 fell with miners and banks the principal…


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