European shares head for first monthly loss in six months
In short
European shares are heading for their first monthly drop in six months. The STOXX 600 rose 0.7% on the day, but it was still set for a September loss.
Higher energy prices, rising bond yields and Middle East tensions are worrying investors. People are waiting for key European inflation data, but the result is not yet known.
What the reporting says
European shares were set for their first monthly decline in six months as Middle East tensions, higher energy prices and rising bond yields lifted inflation and interest-rate concerns, according to the publisher summary. The STOXX 600 rose 0.7% but stayed on track for a September loss, while mining stocks advanced. Investors were waiting for key European inflation data, and the reporting does not say how the data will affect the market.
Why it matters
European shares were set for their first monthly decline in six months as Middle East tensions, higher energy prices and rising bond yields increased inflation and rate worries. The STOXX 600 gained 0.7% but remained on track for a September loss, while mining stocks advanced. Investors were awaiting key European inflation data, so the next market move was still uncertain.