European Shares Decline On Rate-hike Worries

European stocks moved lower after the U.S. Federal Reserve left interest rates unchanged, as expected, but signaled there could still be at least one rate hike this year. The updated projections were hawkish relative to market hopes and pressured risk assets. The move has broad market implications via rates expectations and global sentiment.

Analysis

European stocks moved lower after the U.S. Federal Reserve left interest rates unchanged, as expected, but signaled there could still be at least one rate hike this year. The updated projections were hawkish relative to market hopes and pressured risk assets. The move has broad market implications via rates expectations and global sentiment.