Tech leads Europe shares lower on tighter monetary policy fears

Published by
Reuters UK

By Susan Mathew (Reuters) – European shares fell on Tuesday as investors worried about the squeeze to economic growth from aggressive monetary policy tightening by central banks in a bid to tame rising inflation. The pan-European STOXX 600 index fell 0.5%, giving back half of Monday’s gains, with tech shares leading declines. Australia’s central bank raised interest rates by the most in 22 years and flagged more tightening to battle rising prices. This comes as investors await a European Central Bank (ECB) meeting and U.S. inflation data this week. The ECB has signalled rate hikes starting nex…

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