Europe Stocks Post Worst Month Since 2011 on Fed, China Concern
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European stocks posted their worst month in four years, as investors weighed Federal Reserve comments for clues on the trajectory of interest rates, while confidence waned in China’s ability to prop up the market.
The Stoxx Europe 600 Index slid 0.1 percent to 362.79 at the close of trading, extending its monthly drop to 8.5 percent. The equity gauge earlier pared losses of as much as 0.7 percent after data showed the euro area’s inflation rate rose faster in August than estimated. The volume of shares changing hands was 56 percent lower than the 30-day average as the U.K. market was closed for a holiday.