The pan-European STOXX 600 closed down 1.8% with tech stocks the worst performers, losing 3.5%.The sector was pressured by a spike in bond yields after ECB head Christine Lagarde (pic) chose not to repeat her past comment that a 2022 rate hike was unlikely, in the face of higher inflation.
LONDON: European stocks tumbled on Thursday following signals that the European Central Bank would likely hike rates this year, while weak results from Facebook owner Meta added to pressure on global technology stocks.
The pan-European STOXX 600 closed down 1.8% with tech stocks the worst performers, losing 3.5%.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
