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Oil Rally Cools, Providing Relief For Stocks

Oil prices flirted with one-year highs on Thursday before falling in a bout of profit-taking, which tempted investors back into stocks after several days of losses over inflation fears.

Eurozone inflation stagnates in August

Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid fears of a deepening economic downturn.

Stocks mixed after more interest rate hikes

Wall Street bounced but European markets wobbled Thursday as investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening following turmoil in the banking sector.

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