European Stocks Sliding as Central Banks Take Center Stage

European Stocks Sliding arsenic Central Banks Take Center Stage

European indexes were falling connected Thursday arsenic the Federal Reserve's hawkish outlook caused investors to fret determination could beryllium less interest-rate cuts coming.

The continent's flagship Stoxx 600 and Paris's CAC 40 some dropped 1.3%. Frankfurt's Dax fell 1%.

London's FTSE 100 slid 1.1%, but was paring backmost earlier, deeper losses. The mini-recovery came aft the Bank of England stuck to the publication by holding involvement rates astatine their existent level, but 3 retired of 9 members of its monetary argumentation committee voted successful favour of a quarter-point cut.