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European Stocks Slip on Rate, Earnings Jitters

European stocks kicked off the week slightly lower on Monday as nerves around inflation and the upcoming earnings season offset surging commodity prices that supported oil and mining shares. The pan-European STOXX 600 index slipped 0.4 percent in morning trading, with travel & leisure and real estate stocks the biggest decliners. “There is still real concern about stagflation, with indications that prices are going to not be as transitory as central bankers first thought,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. “It’s acting as a drag on the economic recovery.” Brent crude jumped almost 2 percent as an energy crisis gripping major economies showed no sign of easing, while Dalian coking coal scaled a contract high after a recent flooding in China’s top coal-producing Shanxi province intensified supply fears. Miners jumped 2.2 percent to lead gains among sectors, while oil & gas stocks added 0.8 percent. …

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