Global Market: European shares slip as oil surge fuels inflation fears; Novartis plunges
- Posted on September 8, 2026
- By Business News Today
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- 1 min read
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Global Market: European shares slip as oil surge fuels inflation fears; Novartis plunges
European shares slipped as surging oil prices raised inflation concerns amid escalating Middle East tensions and threats to Gulf energy infrastructure. The STOXX 600 fell 0.2%, while Germany and France declined. Novartis plunged after a second drug trial setback, whereas Sandoz gained on ambitious long-term growth targets. Investors monitored energy risks.
