European shares fell at midday on Thursday as investors shifted away from riskier assets, including equities and commodities, following signals from the US Federal Reserve of a slower pace of interest rate cuts in 2025.
The pan-European STOXX 600 dropped 1.20 per cent, with Germany’s DAX declining by 0.95 per cent and France’s CAC 40 falling 1.06 per cent. In the UK, the FTSE 100 decreased by 1.15 per cent, while Spain’s IBEX 35 fell by 1.44 per cent.
The Bank of England kept its main interest rate unchanged at 4.75 per cent, though growing divisions among policymakers over the need for rate cuts to address a slowing economy added to market uncertainty.
Attribution: Investing.com, Amwal Al Ghad English
Subediting: Y.Yasser