Published by
Reuters UK
Reuters UK
(Reuters) – European stocks slumped on Friday, tracking a sell-off in global equity markets that was sparked by jitters around the U.S. Federal Reserve’s tightening pace and weak economic data. The pan-European STOXX 600 dropped 1.3%, following Asian and Wall Street sessions as investors anxiously looked forward to next week’s Fed meeting for details on how it intends to tackle high inflation. All sectors were in negative territory. Miners were among the biggest decliners, with Anglo-Australian miner Rio Tinto tumbling 2.3% after Serbia revoked its lithium exploration licences over environment…