I backed off European stocks Today, Thursday, as investors anxiously await the European Central Bank’s interest rate decision, a day following the US Federal Reserve hinted that it would continue to raise interest rates.
The pan-European Stoxx 600 index fell 0.9% at 08:10 GMT.
The European Central Bank is widely expected to raise interest rates by 50 basis points at 13:15 GMT, following Wednesday’s move by the Federal Reserve to raise interest rates by half a percentage point, according to Archyde.com.
Britain’s FTSE 100 index fell 0.6%, as investors focused on the Bank of England’s interest rate decision later in the day.
All sectors on the 600 index declined, with industrial and retail stocks falling 1.6% and 1.3%, respectively.
Banking shares fell 0.8%.
