European Stocks Decline as Focus Shifts from Fed to Tariffs

European stocks retreat as traders weigh the news that U.S. President Donald Trump is set to announce tariffs against China and the Federal Reserve raised borrowing costs Wednesday.

The Stoxx Europe 600 Index drops 0.5% at 373.44, with 18 of 19 industry groups in the red. Technology, chemicals and lender shares are the worst sector decliners. Reckitt Benckiser Group Plc rises 6.5% after the company ended discussions about buying a portion of Pfizer Inc.A?a��a�?s consumer health business.

Federal Reserve officials raised the benchmark lending rate a quarter point and forecast a steeper path of hikes in 2019 and 2020, but didnA?a��a�?t suggest they were leaning toward four rate hikes this year, as some had expected.

Source : Bloomberg

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