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May 13 (Reuters) - European stocks slid on Thursday,
tracking a selloff on Wall Street, as a rapid rise in U.S.
inflation spooked investors, while a drop in commodity prices
weighed on heavyweight miners.
The pan-European STOXX 600 index .STOXX fell 1.0%, heading
further away from all-time highs.
Basic resources and oil and gas sectors .SXPP .SXEP ,
among the recent top gainers on the back of a surge in commodity
prices, fell over 2% as a strong dollar put a dent in metal and
oil prices. MET/L
British luxury brand Burberry BRBY.L tumbled 8.8% on
reporting a 10% drop in annual sales, weighed down by the
COVID-19 pandemic. UK's biggest broadband and mobile provider, BT Group BT.L ,
fell 5.4% as it reported a 7% fall in revenue and a 6% fall in
adjusted earnings for the full year.
Markets in Denmark, Finland, Norway, Sweden and Switzerland
were closed for public holiday.