European stocks extended their slide as weak German data and elevated oil prices reignited stagflation concerns across the euro area.
The Stoxx 600 index retreated 0.6% for the sixth straight session after German factory orders plummeted in July as the woes of Europe’s biggest economy continued into the third quarter. Fears of stumbling growth and sticky inflation were also fanned by Brent crude prices near $90 per barrel after the largest OPEC+ oil producers extended their supply cuts to year-end.