Europe stocks drop on German data; euro jumps: Markets Wrap

News Snapshot:

(Bloomberg) — European stocks fell amid weak German data and elevated oil prices that reignited concerns over inflation. Most Read from Bloomberg The Stoxx 600 index retreated 0.6%, sliding for a sixth day after German factory orders plummeted in July, a sign that the woes of Europe’s biggest economy continued into the third quarter. The euro jumped as much as 0.2% against the dollar after European Central Bank Governing Council member Klaas Knot said markets may be underestimating the chances of an interest-rate hike in September. West Texas Intermediate held near the highest since November and Brent hovered around $90...