European travel stocks sink, inflation woes keep STOXX 600 below record high ...Middle East

European travel stocks sank 2% on Monday on the back of a spike in COVID-19 cases across Asia, while worries of a sudden tapering in ultra-loose global monetary policy in the wake of rising inflation kept the STOXX 600 below record highs. The pan-European STOXX 600 was down 0.2% by 0813 GMT, with travel-related stocks TUI, Ryanair Holdings and IAG sliding between 1.9% and 3.2%.

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