Stock markets undergo fresh setback as tight financials pressure economies

04.11.2022

European equities were modestly lower on Thursday as investors digested the US Federal Reserve's suggestion overnight that rates could continue to rise for longer and the Bank of England piled more misery on UK mortgage holders with a 75 basis-point increase.

The pan-European Stoxx 600 index was down 2.01% at 409.55.

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