European stocks settled on Monday ahead of inflation data, as investors continued to monitor developments in the Middle East war, which has turned global markets upside down. The defense sector led the losses, falling 0.8%. The Middle East war has caused a sharp rise in oil prices, exacerbating inflation fears and driving the Stoxx 600 index towards its biggest monthly drop since March 2020. The European Stoxx 600 index was little changed at 574.98 points by 0809 GMT. Bank of France Governor Francois Villeroy de Gallo said the European Central Bank is determined to prevent any inflation driven by...
European Stocks Settle Ahead of Inflation Data
European stocks stabilized on Monday before inflation data, with investors watching the Middle East situation. The defense sector led losses, and rising oil prices exacerbated inflation fears.