European Stocks Fall as Luxury Stocks Feel Pain From China’s Woes

European Stocks Fall as Luxury Stocks Feel Pain From China’s Woes
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany on Oct. 8, 2021. Staff/Reuters
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European shares fell on Monday after weaker-than-expected growth data from China hit luxury stocks, while a relentless surge in commodity prices fuelled worries about inflation spiralling out of control.

The pan-European STOXX 600 index fell 0.5 percent after an upbeat start to the quarterly earnings season drove its strongest weekly performance since March on Friday.