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REFILE-Inflation nerves hit European stocks; Evolution Gaming tumbles

Published 05/11/2021, 03:26 PM
Updated 05/11/2021, 03:40 PM
© Reuters.

(Corrects to Tuesday in first paragraph)
May 11 (Reuters) - European stocks retreated from all-time
highs on Tuesday, with shares of technology, travel and mining
companies among the top losers after worries about rising U.S.
inflation knocked back U.S. indexes.
The pan-European STOXX 600 index .STOXX fell 1.6% after it
hit a record closing high on Monday. The main bourses in
Frankfurt .DAX , Paris .FCHI and London .FTSE all lost more
than 1.5%.
Global sentiment soured after inflation jitters drove
investors away from Wall Street's market-leading growth stocks
on Monday ahead of the latest reading on U.S. consumer prices,
which many fear could prompt the Federal Reserve to rethink its
monetary policy stance.
European tech shares .SX8P tumbled 2.2% to their lowest
level since late March, while miners .SXPP handed back some of
their strong gains in the previous session.
Travel and leisure stocks .SXTP slumped 3.7% as Sweden's
Evolution Gaming Group EVOG.ST tumbled 9.6% after the
bookrunner announced the pricing of block trades.

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