European Stocks Fluctuate as US Inflation Sparks Rates Jitters
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European stocks fluctuated as hotter-than-expected US inflation fueled concerns interest rates will stay higher for longer.
The Stoxx 600 Index eeked out a small gain of 0.1% by the close in London after a volatile session, with bond proxy sectors such as utilities leading declines while banks traded higher. The regional benchmark switched from gains to losses earlier, climbing as much as 0.8%, before falling 0.6% after the release of the US consumer price report.