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Stoxx Europe 600 Banks index loses morning gains as focus remains on whether worst of crisis has passed for lenders
Investors are dangerously complacent as costs continue to rise and economies slow
US and European indices climb more than 10% but inflation and recession fears stalk markets
S&P 500 finishes up 0.9% while tech-heavy Nasdaq gains 1.5%
Region’s share market has pulled back sharply in days following Russia’s invasion
Other shares that have made big gains in 2021 also pull back
Weak earnings from Apple and Amazon focus investors’ attention on supply constraints and inflation
Second-quarter growth shows strong recovery from low point of pandemic
But coronavirus resurgence and new shutdowns continue to weigh on global outlook
Nasdaq closes down 2.5%
European bourses advance on vaccine progress but Wall Street focuses on the here and now
Stock markets slide as soaring infection rates stoke alarm across continent
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