Market Report - Europe Close

Europe close: Stocks sink on surging oil prices, ECB rate hike bets

By Benjamin Chiou

Date: Thursday 23 Jul 2026

(Sharecast News) - A sharp rise in oil prices and hawkish comments from the European Central Bank sent European stock markets to their lowest levels in two weeks on Thursday, as inflationary concerns reignited.
The benchmark Stoxx 600 index was down 1.2% by the close of play, with the selling pressure...

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