European shares end lower on US Fed rate, Trump jitters
The pan-European STOXX 600 index dropped 0.8%, trading just above a three-month low hit earlier this week.
U.S. stocks also lost ground after Federal Reserve Chair Jerome Powell said there was no need to rush interest rate cuts, pushing up U.S. Treasury yields and pressuring equities.
«A week of indecision for stock markets is ending on a weaker note following Jerome Powell's unexpected dialling back of dovish rhetoric,» said Chris Beauchamp, chief market analyst at online trading platform IG.
European equities came under renewed selling pressure this week as investors fretted over U.S.-China relations after Trump was expected to tap a China hawk to be his secretary of state.
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