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European stocks tumbled on Thursday, sending several markets down to multi-month lows, as rising oil prices and higher bond yields triggered heavy selling across various sectors. Additionally, recent inflation data from the region has raised the possibility of more monetary tightening bank in coming months.
European stocks opened the fourth quarter sharply lower on Thursday as rising global government bond yields continued to weigh on risk appetite.The STOXX 50 and STOXX 600 each fell more than 1%, reaching their lowest levels in about three and a half months as investors adjusted to expectations that…
The G7 will deploy 100 million barrels of reserves over the next four months, the group's leaders said in a joint statement.