European Stocks Decline

European stocks fell today, Monday, after recording weekly losses, and Asian markets declined following data showing that producer prices in China have dropped at the fastest rate in seven years in June, while consumer inflation recorded its slowest level since 2021. The Stoxx 600 index recorded its worst weekly performance in nearly four months, as signals from central bank policymakers and data indicating the resilience of the U.S. economy increased fears of elevated interest rates persisting for a longer period. Bayer's stock rose by 2.5% after a report indicated that the German pharmaceuticals and pesticides giant may spin off and list its crop science unit on the stock market.