European Stocks Indexes Fall Sharply as Inflation Concerns Weigh
Dow Jones
8 hours ago
0726 GMT - European stock indexes drop sharply at the open as inflation concerns on the continent heighten. Banking, technology and industrial sectors are among those that fall more than 1% as the Europe-wide Stoxx 600 drops 1.1%. London's FTSE 100 falls 0.8%. Standard Life drops 5.8% after a major shareholder halved its stake. The German DAX falls 1%, dragged by a 3.1% decline for chip maker Infineon and a 2.2% slide for industrials giant Siemens. In Paris, banks weigh on the CAC 40--down 0.8%--with Societe Generale falling 2.85%. Autos also sell off, with Stellantis down 2.8%. Italy's FTSE MIB loses 1.3% to trade at May lows, while Spain's IBEX 35 falls 1.1%. The Dutch AEX is down 0.9%, with ASML slipping 2.3%.
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