European shares dip as banks hit over 3-month low, oil prices weigh

Bavarian Nordic A/S

08/10/2026 08:04

For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Oct 8 (Reuters) - European shares fell on Thursday as banks slid to a more than three-month low, while a fresh bond selloff and elevated oil prices stoked fears that higher inflation could hurt economic growth.
The pan-European STOXX 600 .STOXX index was down 0.9% to 624.24 points, as of 0723 GMT.
European banks .SX7P dropped nearly 2%, with Deutsche Bank DBKGn.DE, Banco Santander SAN.MC, Societe Generale SOGN.PA and Unicredit CRDI.MI all falling for a second day as euro zone bond yields climbed towards their recent peaks. GVD/EUR
Oil prices LCOc1, CLc1 climbed more than 3% on persistent concerns about supply from the key Middle East producing region, while a hurricane threat to US offshore operations prompted production cuts. O/R
Minutes from the Federal Reserve's latest policy meeting showed officials were divided over the case for further rate hikes. Attention now turns to Europe, where markets will parse the European Central Bank's latest meeting accounts for clues on the policy outlook.
Several ECB and Fed officials are scheduled to speak later in the day, alongside Bank of England Governor Andrew Bailey.
Among individual stocks, Bavarian Nordic BAVA.CO gained 2.9% after the Denmark-based biotechnology firm raised its 2026 revenue guidance and EBITDA margin forecasts.


 (Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Subhranshu Sahu)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))