European bank stocks slide as oil, gas prices jump
European banking stocks fell as higher oil and gas prices raised inflation-shock concerns. Stoxx 600 Banks trades 2.5% lower after Brent topped $100 and continental natural gas hit a three-year high.
European banking stocks fell as higher oil and gas prices raised the prospect of a sustained inflation shock. 5% lower after Brent crude topped $100 a barrel and natural gas prices in Europe hit a three-year high. The decline halted a steady rally in European…