Global Market: European stocks subdued as oil surge fuels inflation, ECB rate hike bets
- Posted on September 7, 2026
- By Business News Today
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- 1 min read
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Global Market: European stocks subdued as oil surge fuels inflation, ECB rate hike bets
European shares were subdued on Monday as rising oil prices sparked by US-Iran tensions renewed inflation fears. Investors are closely monitoring the European Central Bank's upcoming interest rate decision, while a sharp decline in Novartis stock and German political uncertainty following regional elections further weighed on overall market sentiment.
