Why Europe Stock Markets Are Falling Today: Oil Shock Puts ECB Rate Hikes Back in Play
European stocks fell Friday, with the STOXX 600 down 0.8% as stalled U.S.-Iran talks pushed oil prices higher and reignited inflation fears. German Bund yields rose to 3.11%, while Italian 10-year yields hit 3.87%. Economists and prediction markets expect the European Central Bank to raise rates in June. LVMH shares slipped after agreeing to sell Marc Jacobs in a deal valued up to $850 million.