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Global Market: European shares slip as oil surge fuels inflation fears; Novartis plunges
European shares slipped as surging oil prices raised inflation concerns amid escalating Middle East tensions and threats to Gulf energy infrastructure. The STOXX 600 fell 0.2%, while Germany and France declined. Novartis plunged after a second drug trial setback, whereas Sandoz gained on ambitious long-term growth targets. Investors monitored energy risks.
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economictimes.indiatimes.com
Global Market: European stocks subdued as oil surge fuels inflation, ECB rate hike bets
European shares were subdued on Monday as rising oil prices sparked by US-Iran tensions renewed inflation fears. Investors are closely monitoring the European Central Bank's…
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European shares subdued as surging crude sharpens focus on ECB rate path
European shares closed largely flat as higher oil prices and renewed US-Iran tensions raised inflation concerns, offsetting stronger euro zone economic data. Energy stocks gained,…
