European stocks face worst week since April 2026

European stocks are heading for their biggest weekly losses since April 2026, with the STOXX 600 falling 0.3% to 637.60 points, due to rising bond yields and fears of sharp interest rate hikes ahead of the release of key US inflation data. The European Central Bank's interest rate hikes and its warning about persistent inflation have put pressure on the markets, while oil prices continue to rise above $100 per barrel for the third consecutive day. Investors are watching the US Consumer Price Index data, which will be released today, as it could influence the Federal Reserve's expected interest rate path.

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