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Inflation Jitters Take Toll on European Stocks Ahead of Earnings

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European shares slipped on Tuesday as investors feared that soaring commodity prices would hamper a recovery in corporate profit, with fresh signs of troubles at property developer China Evergrande also hitting confidence. The pan-European STOXX 600 index was down 0.3 percent in morning trading, hovering about 5 percent below its August peak. Asian stocks also fell after Evergrande missed its third round of bond payments in three weeks. Mining stocks gave up some of Monday’s strong gains as a rally in commodity prices eased, while banks and automakers shed about 1 percent. “Going into Q4 we’re usually quite strong but with earnings season and inflation combining at this point in time, we’re seeing risk-off,” said Chris Beauchamp, chief market analyst at online trader IG. U.S. bank JPMorgan is set to kick off the earnings season on Wednesday. Its stock fell about 2 percent on Monday and the wider banking index …



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