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European Markets Tumble Amid Rising Inflation Concerns

Guavy AI Editorial Team
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EUR
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European markets were hit by strong inflation readings on Wednesday, leading to a mixed day for stocks in London.

The FTSE 100 fell as investors weighed the data against lower oil prices and strong domestic economic growth.

The UK's inflation rate has been a concern for investors, with the latest numbers showing it continues to rise.

This has contributed to higher borrowing costs, with gilt yields hitting 6% for the first time since 1998.

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