European stocks set for worst week in 6 months on virus, growth worries

German shares slide as inflation jumps; STOXX 600 eyes worst week in 6 months

The pan-European STOXX 600 was down 0.4%, with Germany's DAX sliding 0.6% as data showed producer prices jumped 10.4% year-on-year in July. Economists had expected a rise of 9.2%. The mining index slipped 0.5%, extending a 4% fall on Thursday, and was set to be the worst performing European sector for the week.

German shares slide as inflation jumps; STOXX 600 eyes worst week in 6 months

August 20, 2021By Sagarika Jaisinghani(Reuters) -German shares led declines in Europe on Friday on a bigger-than-expected jump in producer prices, while the benchmark STOXX 600 was on course for its worst week since February on signs of slowing growth and rising COVID-19 cases.By 0744 GMT, the pan-European STOXX 600 was down 0.4%, with Germany’s DAX sliding 0.6% as data showed producer prices jumped 10.4% year-on-year in July. Economists had exp…

German shares slide as inflation jumps; STOXX 600 eyes worst week in 6 months

German shares led declines in Europe on Friday on a bigger-than-expected jump in producer prices, while the benchmark STOXX 600 was on course for its worst week since February on signs of slowing growth and rising COVID-19 cases. Read More

European stocks set for worst week in 6 months on virus, growth worries

- A slide in European shares halted on Friday, although the index was still on course for its worst week since February on signs of slowing growth, rising COVID-19 cases and fears of a sooner-than-expected tapering in monetary stimulus. The pan-European STOXX 600 was up 0.1% at 0705 GMT following a 1.5% slump in the previous session on indications that the U.S. Federal Reserve could