European stocks decline on renewed concerns about US ‎interest rates

European stocks fell on Friday after US inflation data fueled fears that interest rates would remain high for longer, while weak inflation data from China exacerbated concerns about the global economy.

The European STOXX 600 index fell 0.2% by 0704 GMT. Shares of mining companies and oil and gas companies were among the few that recorded gains as the prices of primary commodities, including oil and copper, rose.

Wall Street’s main indices closed lower on Thursday after data showed consumer prices rose more than expected in September, boosting the chances of the Federal Reserve raising interest rates again this year.

Asian stocks also fell, affected by data from China indicating continued deflationary pressures in the world’s second-largest economy.

Investors are awaiting inflation data from a number of euro zone economies and US bank business results later on Friday.

Among individual stocks, Sartorius AG fell 7.2% after the French-German manufacturer of laboratory supplies lowered its full-year sales forecast and adjusted profit margin against the backdrop of lower trading volume expectations and the impact of product mix.

Swiss Re shares rose 1 percent after Berenberg Bank raised the rating on the reinsurance company’s shares to “buy” from “hold.”