Shares are plunging at the start of trading


European stocks plunged today at the start of tradingfollowing last night’s Wall Street trend, as US inflation data fueled concerns about the impact on economic growth from higher interest rate hikes.

The pan-European STOXX 600 index fell 2.2% at 10:10 Greek time. Technology and mining stocks were among those with the biggest declines.

The US Nasdaq index plunged more than 3%, falling to 27% since the beginning of the year as data released in the US showed that consumer prices moderated in April but rose more than economists forecast.

THE The British FTSE 100 index fell 2.1% as data showed that the British economy shrank by 0.1% in March.


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