On:

European stocks slumped, with the Stoxx Europe 600 Index on course for a correction from its February record high, as the conflict in the Middle East escalated.

The Stoxx Europe 600 was down 1.5% by 8:21 a.m. in London, leaving it more than 11% below its February peak and in technical correction. Sectors retreated across the board, with industrials and mining shares among the biggest laggards.

This post was originally published on this site.

On:

The specter of stagflation caused by the Iran war has wiped out more than $2.5 trillion from the value of global bonds in March, on track for the biggest monthly loss in more than three years.

Bonds are tumbling as a surge in oil prices quickens inflation, which erodes the value of the fixed payments from debt. While the slide in bonds’ market value is less than the roughly $11.5 trillion lost in global equities, it’s perhaps more unexpected as debt typically gains in times of geopolitical turmoil.

This post was originally published on this site.

On:

Danone SA will acquire UK-based fortified drinks maker Huel, as part of the French food company’s push into functional nutrition.

The deal is subject to regulatory approval, Danone said in a statement Monday, without providing financial terms. Shares of Danone slipped 0.7% in early trading in Paris. They are down about 11% this year.

This post was originally published on this site.