European stocks fall to their lowest level since August 2017

Media In – Agencies February 6,

European stocks fell to their lowest level since August 2017 on Tuesday, as global selling rallied and volatility surged on mounting concerns about inflation and rising bond yields.
All sector indices fell, with the STOXX 600 Index shedding European shares for a seventh consecutive session.
Investors fear that the return of inflation will prompt central banks to tighten their monetary policies more quickly than expected, to shrink stimulus programs that have contributed over the years to strengthening equity values ​​and boosted European equities to a two-year high in January.
Among the biggest losers on Tuesday was OCODO, which fell 7.1 percent after core UK e-retailer net profits for the full year stabilized below expectations. Babcock fell 4 percent after cutting its revenue forecast.
Among the few stocks that gained gains were Antesa San Paolo, which rose 0.4 percent after Italy’s biggest retail bank pledged to cut its halving loans to half, boost revenues and cut costs under a four-year plan. Traders said the market welcomed the Intesa distribution plan