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European Stocks Close Sharply Lower As Inflation Concerns Weigh BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks closed sharply lower on Wednesday as rising concerns about inflation raised fears that global central banks might consider tightening their easy monetary policies sometime soon. The yields on Euro area government bonds rose on concerns the European Central Bank could decide to scale back its emergency bond-buying program as early as next month. A sharp plunge of the cryptocurrencies including the bitcoin, and worries about a surge in coronavirus cases in Asia further dented sentiment. Bitcoin, the world s largest cryptocurrency, tanked by close to 40% from its record high levels to US $31,000 on Wednesday, hitting its lowest level since February.

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