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المشهد العربي
European stocks fall amid bond sell-off
European stocks declined significantly due to a wave of global bond sell-offs, as long-term bond yields in France and Germany rose to their highest levels since 2008 and 2011, respectively. This occurred amid escalating military tensions in the Middle East and expectations of interest rate hikes in the Eurozone during September. Data showed that inflation accelerated in August due to rising energy prices, while core inflation remained stable. The European Central Bank is likely to increase interest rates at its upcoming meeting, although some members believe that this step may not be sufficient to reduce inflation to the target level.
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