European equities fall ahead of Fed outlook

European stocks declined as expectations increased that the U.S. Federal Reserve will raise interest rates later this year. The Stoxx 600 index closed down 0.3% after five days of gains. The performance of European stock markets varied between gains and losses, with oil and gas company shares falling by 1.5% due to oil prices dropping to their lowest levels since the start of the Iran war. While U.S. interest rates were kept unchanged, the market was unsettled by the expectation of a single rate hike in 2026. Meanwhile, markets anticipate another rate increase by the European Central Bank by the end of the year.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article