negative
European Stocks Slide as Rate-Cut Hopes Fade
European equities declined after hawkish remarks from US policy-makers dampened expectations for a near-term interest-rate cut, despite the STOXX 600 registering its best weekly performance since late September. Banks slid nearly 2.4% as concerns over earnings and tighter yields weighed. Luxury-goods and select industrial stocks held up well, but overall risk-appetite cooled.
Investors turned cautious ahead of new US economic releases and central-bank commentary, recalibrating expectations around the strength of the global economic recovery and the timing of monetary-policy easing.
negative
European Stocks Slide as Rate-Cut Hopes Fade
European equities declined after hawkish remarks from US policy-makers dampened expectations for a near-term interest-rate cut, despite the STOXX 600 registering its best weekly performance since late September. Banks slid nearly 2.4% as concerns over earnings and tighter yields weighed. Luxury-goods and select industrial stocks held up well, but overall risk-appetite cooled.
Investors turned cautious ahead of new US economic releases and central-bank commentary, recalibrating expectations around the strength of the global economic recovery and the timing of monetary-policy easing.
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negative
European Stocks Slide as Rate-Cut Hopes Fade
1 min read
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European stocks dropped after US rate-cut optimism waned; the STOXX 600 recorded its strongest week since September even as banks and cyclicals under-performed.
European equities declined after hawkish remarks from US policy-makers dampened expectations for a near-term interest-rate cut, despite the STOXX 600 registering its best weekly performance since late September. Banks slid nearly 2.4% as concerns over earnings and tighter yields weighed. Luxury-goods and select industrial stocks held up well, but overall risk-appetite cooled.
Investors turned cautious ahead of new US economic releases and central-bank commentary, recalibrating expectations around the strength of the global economic recovery and the timing of monetary-policy easing.
European equities declined after hawkish remarks from US policy-makers dampened expectations for a near-term interest-rate cut, despite the STOXX 600 registering its best weekly performance since late September. Banks slid nearly 2.4% as concerns over earnings and tighter yields weighed. Luxury-goods and select industrial stocks held up well, but overall risk-appetite cooled.
Investors turned cautious ahead of new US economic releases and central-bank commentary, recalibrating expectations around the strength of the global economic recovery and the timing of monetary-policy easing.
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