BERLIN, Oct 12 — European shares fell today as investors worried that soaring commodity prices would hamper a recovery in corporate profit, with fresh signs of troubles at property developer China Evergrande also hitting confidence.
“Going into Q4 we’re usually quite strong but with earnings season and inflation combining at this point in time, we’re seeing risk-off,” said Chris Beauchamp, chief market analyst at online trader IG. Worries about soaring energy prices and other supply chain constraints have clouded the outlook for third-quarter earnings season as a post-lockdown momentum in the global economy cools and major central banks consider withdrawing stimulus.
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