Global Market: European shares subdued as tech stocks slide, oil prices surge
European shares traded subdued as technology stocks slid on concerns over the pace of artificial intelligence development, while a sharp rise in oil prices weighed on risk appetite. Investors also turned their attention to the US Federal Reserve’s policy decision, with markets increasingly pricing in a 25-basis-point rate hike this week.
Global Market: European shares subdued as tech stocks slide, oil prices surge
What Happened
European shares traded subdued as technology stocks slid on concerns over the pace of artificial intelligence development, while a sharp rise in oil prices weighed on risk appetite. Investors also turned their attention to the US Federal Reserve’s policy decision, with markets increasingly pricing in a 25-basis-point rate hike this week.
Key Details
Original reporting provided by Economic Times Markets.
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