European markets open mixed as inflation worries persist; H&M plunges 14%

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European markets open mixed as inflation worries persist; H&M plunges 14%
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European stocks opened mixed Thursday as global inflation worries continue to rattle markets.

dipped 0.06% in early deals, with sectors and major bourses trading in opposite directions. Insurance stocks added 0.3%, while retail shed 2.7%Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released.

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