European Stocks Struggle as Investors Await U.S. Inflation Data

European stocks decline as investors await key U.S. inflation data. Adidas and Puma are the biggest fallers on the Stoxx Europe 600 index. Prosus and Ubisoft Entertainment shares plummet due to draft regulations in China. Nike shares drop premarket. Oil prices rise on fears of trade disruptions, while metals surge due to supply constraints. The U.K. economy contracts in the third quarter. Israel's Prime Minister considers a U.S. plan for a revamped Palestinian Authority. The Biden administration explores raising tariffs on Chinese EVs.