European shares get September off to a poor start as rate hike concerns grow

Weak demand meant factories were unable to sell as much as they made and built up stocks of finished goods at a record pace.

The pan-European STOXX 600 fell -1.8% as all sectors traded lower, with the index clocking its fifth straight day in the red.

European stocks got September off to a weak start on Thursday, falling to seven-week lows on deepening worries about economic growth, aggressive interest rate hikes and record-high inflation.

The pan-European STOXX 600 fell -1.8% as all sectors traded lower, with the index clocking its fifth straight day in the red.