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- Yahoo Finance UK
Wall Street higher after Fed signals rate hikes nearing end but FTSE closes in red
Bank of England rate hike, banks and stronger pound send FTSE 100 lower.
- Investing.com
European stocks lower; Citigroup downgrades European banking sector
European stock markets weakened Thursday as investors digested the latest interest rate increase by the U.S. Federal Reserve ahead of a policy-setting meeting by the Bank of England. The Fed raised its benchmark interest rate by 25 basis points as widely expected, forecasting at least one more hike this year, and saying it has no intention of cutting interest rates this year. Adding to the negative tone were comments from Treasury Secretary Janet Yellen, as she said the government "is not considering insuring all uninsured bank deposits".
- Investing.com
European stocks edge lower; U.K. inflation shock weighs ahead of Fed decision
European stock markets edged lower Wednesday, weighed by a sharp increase in U.K. inflation ahead of the latest Federal Reserve decision on interest rates. At 04:40 ET (08:40 GMT), the DAX index in Germany traded 0.1% lower, the CAC 40 in France dropped 0.3% and the FTSE 100 in the U.K. fell 0.2%. Data released earlier Wednesday showed that inflation accelerated again in the U.K. in February, increasing the pressure on the Bank of England to keep raising interest rates despite the financial turbulence.
