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The Economic Times
The Economic Times
Anupam Nagar

Global Market: European shares slip as oil surge fuels inflation fears; Novartis plunges

Novartis Oil Inflation Sandoz United States France Germany Gulf

European shares edged lower on Tuesday as rising oil prices heightened inflation concerns and renewed fears over energy supplies amid escalating tensions in the Middle East, according to a report by Reuters.

The pan-European STOXX 600 fell 0.2% to 648.41 points by 0705 GMT. Germany’s DAX declined 0.3%, while France’s CAC 40 slipped 0.4%. London’s FTSE 100 was broadly flat after European markets had a relatively subdued session on Monday due to a U.S. public holiday, the report stated.

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