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European shares hit the skids after a firm opening, with markets across the region sharply lower despite the release of a stronger-than-expected reading on the US jobs market.
Equity strategists at Bank of America declared themselves to be "bearish" on equities, arguing that the 2021 inflation shock would reverberate in 2022 via an interest rate shock in the first half of the year followed by a "growth shock" in the back half of the same year.
