European shares slide to two-week low on hawkish Fed comments, geopolitical worries
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 4, 2024. REUTERS/Staff - European stocks fell to a more than two-week low on Friday, tracking global shares, following hawkish comments from some U.S. Federal Reserve officials and a spike in tensions in the Middle East.Sparking caution on market expectations for an imminent rate cut, U.S.
Optimism around a rate reduction has been a primary driver for gains in most developed market equities since late 2023.SoftwareOne shares dropped 2.3% after it announced all proxy advisors were now against the complete replacement of the Swiss firm's board of directors.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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