European Stocks Skid on Inflation Angst as Oil Jumps

European Stocks Skid on Inflation Angst as Oil Jumps
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany on Sept. 29, 2021. Staff/Reuters
|Updated:

Technology, travel and retail shares fuelled declines in European stocks on Wednesday as soaring oil and gas prices intensified concerns about higher inflation denting economic growth.

After a late-session rally on Tuesday, the pan-European STOXX 600 index fell 1.7 percent, with travel & leisure and tech stocks tumbling more than 2 percent.