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european stocks decline as fed signals fewer rate cuts ahead

European stocks fell 1.2% following a hawkish shift from the Federal Reserve, which reduced its forecast for interest rate cuts in 2025. The yen weakened past 156 against the dollar as the Bank of Japan maintained its borrowing costs, while US stock futures indicated a potential recovery amid a resilient economy. European government bonds also saw significant losses, with UK 10-year yields reaching their highest since October 2023 ahead of the Bank of England's policy decision.
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United States Dollar British Pound Sterling Japanese Yen Bank of England JPMORGAN CSI A50 ETF John Bilton Kazuo Ueda Florian Ielpo Jerome Powell Show more
Finance & Economy, Market Report
23:59 18.12.2024
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