European stocks fall as oil price surge stokes inflation concerns

📆 2022-03-02 8:49 PM
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European stocks fell on Wednesday as surging commodity prices stoked inflation worries at a time when crippling sanctions against Russia over its invasion of Ukraine have had a spillover effect, denting risk appetite.

The pan-European STOXX 600 index dropped 0.2%, with automakers sliding the most, while commodity-linked stocks stood out with big gains.

Miners gained 2.5% as prices of metals including nickel and aluminium rose, supported by increasing fears of supply disruptions. “There is somewhat of a stagflationary impulse here,” said Jonathan Stubbs, equity strategist at Berenberg.

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GaryGensler SECEnfDirector American Stocks plunged on Thursday as criminal Hedge Funds took advantage of Treasury speaking. Its disgusting how manipulated the Stock market is and how they are not being regulated. They are laughing at the regulators that can not stop them.

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