Wall Street

European stocks slip as post-Fed rally fades, retailers drag

Published by
Reuters UK

(Reuters) – European stocks slipped on Thursday after the U.S. Federal Reserve’s decision to raise interest rates aggressively fuelled concerns about a potential recession at a time when global economies are facing sky-high inflation. The continent-wide STOXX 600 index dipped 0.4% by 0710 GMT, even though European stock futures recovered overnight after Wall Street rallied to close higher. [.N] The retail sector fell the most and was down 2.1% as British online fashion retailer ASOS slumped 14.3% after warning inflationary pressures were affecting shopping behaviour. German rival Zalando dropp…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street