European shares fall on US rate hikes
European stocks recorded slight declines amid ongoing expectations of interest rate hikes by the Federal Reserve. The STOXX 600 index fell by 0.15%, reaching 638.35 points. Meanwhile, oil prices declined significantly, with Brent crude approaching $77 per barrel following a temporary agreement between the United States and Iran, which heightened expectations of increased oil supplies. In terms of equities, airline companies such as Lufthansa and Air France experienced gains, while TESCO's stock dropped by 3.3%. Technology and chip companies saw gains, and Edenred's shares soared after reports of a possible acquisition by UK-based P. C. Partners.
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