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European shares dip as banks hit over 3-month low, oil prices weigh
European shares fell on Thursday as banks slid to a more than three-month low, while a fresh bond selloff and elevated oil prices stoked fears that higher inflation could hurt economic growth. The pan-European STOXX 600 index was down 0.9% to 624.24 points, as of 0723 GMT. European banks dropped nearly 2%, with Deutsche Bank , Banco Santander, Societe Generale and Unicredit all falling for a second day as euro zone bond yields climbed towards their recent peaks. Oil prices climbed more than 3% on persistent concerns about supply from the key Middle East producing region, while a hurricane thre...
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