European Stocks Close Sharply Lower
European Stocks Close Sharply Lower BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks closed sharply lower on Tuesday as rising inflation raised speculation that the Federal Reserve, as well as central banks in some other big economies, might wind back monetary policy support sooner than expected. Expectations about inflation in the U.S. hit the highest level in about a decade, with the Fed attributing the increase in inflation to 'transitory factors.' Analysts have suggested the central bank will still begin considering tapering its asset purchases in the coming months. Germany's wholesal...