European stocks decline amid inflation worries

European stocks declined to their lowest level in a week as inflation fears intensified due to rising oil prices, with Brent crude surpassing $100 per barrel following Iran's attacks on a U.S. base in Jordan and ships. This has heightened concerns about the impact on inflation and monetary policies of central banks. Markets are affected by the rising energy costs, with expectations of interest rate hikes by the European Central Bank and the Bank of Japan. Meanwhile, investors are awaiting upcoming interest rate decisions amid fears of persistent inflation pressures and their repercussions on the global economy.

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