With Europe also struggling to contain inflation, which is already being driven higher by energy prices, “this could be a serious problem for the eurozone economy,” said Fiona Cincotta, an analyst at City Index in London.
Inflation F.A.Q.
What is inflation? Inflation is a loss of purchasing power over time, meaning your dollar will not go as far tomorrow as it did today. It is typically expressed as the annual change in prices for everyday goods and services such as food, furniture, apparel, transportation and toys.
The Stoxx Europe 600 and the DAX index in Germany both slid 3.8 percent on Monday.
As sudden as this month’s drop in stock prices has been, it follows an unceasing run-up that had started to unnerve some investors. The S&P 500 climbed 27 percent in 2021 — its third consecutive year of gains — and even after its drop so far…
