Economic TimesLean R·
Global Market | European shares slip on Fed hike bets, tech drag
European markets opened lower Tuesday, impacted by anticipated US Federal Reserve rate hikes and concerns over escalating corporate AI investments. The STOXX 600 index saw a notable dip, with basic resources and tech sectors leading the decline. Asian equities also experienced significant drops. Investors are bracing for further interest rate increases globally as inflation persists, particularly from rising energy costs.
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