European stocks resume slide on rising inflation worries By Reuters – Investing.com
- Date: 13-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
European stocks resume slide on rising inflation worries By Reuters – Investing.com
(Reuters) - European stocks slid on Thursday, tracking a selloff on Wall Street, as a rapid rise in U.S. inflation spooked investors, while a drop in commodity prices weighed on heavyweight miners.
The pan-European index fell 1.0%, heading further away from all-time highs.
Basic resources and oil and gas sectors, among the recent top gainers on the back of a surge in commodity prices, fell over 2% as a strong dollar put a dent in metal and oil prices. [MET/L]
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