European stocks hit 3-month low
European stocks declined to their lowest levels in three months, influenced by rising oil prices and bond yields, leading the Stoxx 600 index to fall by 0.3 percent to 634.18 points. The banking and financial services sectors were among the main factors dragging the market down, with UBS shares dropping by 3.4 percent and LVMH decreasing by 2.6 percent. Most major European stock exchanges shifted into the red, amid ongoing risk aversion due to tensions in global markets.
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