European markets fell sharply at the open on Thursday, following global markets lower after the U.S. Federal Reserve hinted yesterday that a small rate cut was imminent.
The pan-European Stoxx 600 fell 1.26% shortly after the start of trading, with all sectors in negative territory.
The lower open in Europe was anticipated following a sell-off on Wall Street on Wednesday after the Fed, which cut its overnight lending rate by 25 basis points to a target range of 4.25% to 4.5%, signaled there would likely be only two rate cuts in 2025, instead of the four cuts it had previously forecast.
Source: CNBC
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