Europe’s Stoxx 600 near three-week low as inflation worries weigh
The aerospace and defence sector led losses with a 1.6% fall
European stocks slipped to near a three-week low on Wednesday, as inflation concerns and rising oil prices tempered relief from easing bond yields following US Treasury's announcement of increased liquidity support for longer-dated debt. The Stoxx 600, a pan-European stock index, closed down 0.11 percent at 651.16 points. The aerospace and defense sector suffered the largest losses, falling 1.6 percent.
European banks also experienced a decline of 1.5 percent. Analysts highlighted the lingering inflationary pressures in Europe, particularly due to the high oil prices, which continue to weigh on the economic outlook.
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