European sharesslipped on Thursday as investors grappled with the prospect of an imminent rate hike by the European Central Bank and dimming hopes for a quick end to the Middle East conflict.
The pan-European STOXX 600 was down 0.6% at 583.8 points by 0809 GMT, and was on track to break a three-day winning streak.
The Week in Breakingviews newsletter offers insights and ideas from Reuters’ global financial commentary team. Sign up here.
Policymaker Joachim Nagel told Reuters that the ECB has “an option” to raise interest rates at its April meeting, a day after President Christine Lagarde said that the central bank was prepared to act at any meeting to keep inflation at its 2% target.
Comments