November 27, 2022

European shares slide as Fed hints at tightening for

Reuters

Russia halts Ukraine Black Sea grain exports citing

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European shares fell on Thursday, led by expertise shares, after the Federal Reserve hinted at smaller rate of interest will increase for longer, dampening hopes of a downshift in its aggressive battle towards inflation.

The pan-European STOXX 600 dropped 0.9% by 0905 GMT, with rate-sensitive European expertise shares falling practically 2%.

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