European Stocks Drop Most in 3 Months on Hawkish Central Banks
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European stocks fell on Friday for the fourth day, posting the worst weekly loss in three months, as expectations built that central banks will stay hawkish to combat stubbornly high inflation despite signs of an economic downturn.
The Stoxx Europe 600 dropped 1.6% by the close in London, led by shares in industrial and construction firms. The weekly retreat was nearly 3%.