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European stocks steady amid inflation concerns
European stocks remained near their lowest levels since early August, as markets were affected by a hawkish stance from the Federal Reserve and a slowdown in maritime traffic in the Gulf. The Fed's meeting minutes revealed that officials are still concerned about persistent inflationary pressures, and are prepared to raise interest rates again if inflation continues to rise above the 2% target. These statements led to a decrease in market expectations for the potential pause in policy tightening, raising concerns about ongoing higher borrowing costs, especially amid rising bond yields and a slowdown in shipping traffic across the Gulf. This combination heightens the risks of inflation and weak economic growth in Europe.
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