German equities slide 1.1% as inflation worries and yields rise
German stocks fell Tuesday, down 1.1%, as concerns over inflation and interest rates grew. Oil prices climbed, bond yields rose, and weak German retail sales and an accelerating Eurozone inflation report added pressure.
German stocks were lower on Tuesday as rising oil prices and higher bond yields fed concern about inflation and interest rates amid the continuing conflict between Iran and the U.S. Weak German retail sales data and a report pointing to faster Eurozone inflation also added to the pressure.