All the major sectors were in the red. Banks weighed the most, with a gauge of euro zone lenders sliding 3.3% to March lows after the ECB's top supervisor asked lenders to calculate recession risks.
With euro zone inflation at record highs, data on Thursday showed France's inflation in June climbed further from the previous month to a record 6.5%, and weighed on the local stock index which slid 1.8%. "The attitude in Europe was that a lot of the inflation is external. That's changing now and over the next few months, the European Central Bank will have to step up its efforts to curb inflation."
All eyes are on the first estimate of June inflation for the euro zone due on Friday, which the ECB should scrutinise ahead of its July 21 policy meeting when it has said it will hike rates for the first time since 2011.
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