Europe Stocks Snap Three Days of Gains Amid Rate Rise Concern
- Stoxx 600 extends losses after U.S. jobless-claims report
- EON slides after canceling plan to spin off nuclear plants
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European shares fell for the first time this week amid renewed investor concern that the global economy isn’t strong enough to withstand higher U.S. interest rates.
The Stoxx Europe 600 Index slipped 1.2 percent to 359.34 at the close of trading, snapping the longest streak of gains since before China devalued its currency last month. The benchmark gauge extended declines after a report on U.S. jobless claims signaled resilience in the country’s labor market, bolstering the case for the Federal Reserve to raise rates this month.