European Market Updates

European Shares Tumble As Recession Risks Mount

European stocks tumbled on Thursday, as the boost from the Bank of England's intervention in bond markets began to fade and Sweden's coast guard discovered a fourth gas leak on the damaged Nord Stream pipelines, heightening energy security concerns.

The British pound resumed its slide, snapping a two-day gain, as prime minister Liz Truss doubled down on her tax cutting and borrowing plans.

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by RTTNews Staff Writer

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