European stock markets plunge, focus on US inflation

Facebook social networking site Twitter LinkedIn European stock markets are moving in negative territory, following declines in Wall Street and Asian markets, amid fears of uncontrolled inflation that could lead to further monetary tightening in the US. In the first minutes of trading, the Eurostoxx 50 index is down 1.67%. In Frankfurt, the Dax lost 1%, in Paris the Cac40 lost 0.92%, and the Ftse100 in London was down 0.51%. Inflation will be a top priority today in light of the release of monthly US consumer price data this afternoon, which could accelerate sharply to 8.4% in March (from 7.9%…