|09-11-2014, 04:59 AM||#1|
European shares fall for the fifth straight session
European shares on Wednesday notched the fourth straight loss as concerns resurfaced about a sooner-than-expected rate hike by the Federal Reserve and amid uncertainty about the future of Scotland.
Fears that the U.S. Federal Reserve might increase interest rates sooner than expected resurfaced after bond yields rose to a six-week high.
- Stoxx 600 lost 0.05% or 0.17 points to 344.70
- Stoxx 50 dropped 0.04% or 1.27 points to 3244.16
Meanwhile, investors were worried about the outcome of the referendum in Scotland on Sept. 18, with the pro-independence camp making headway in the polls.
Several British parliament members have called on the Queen to intervene to help keep the U.K. together, but the monarch in the Times on Wednesday warned politicians not to drag her into the battle.
Greece remained mired in deflation in August, with consumer prices dropping 0.3% year-over-year. The country’s consumer-price index first turned negative in March 2013, adding to Greece’s economic woes.
The Greek economy is now in its seventh calendar year of a recession.
-The British FTSE 100 gained 0.02% or 1.7119 points to 6830.11
-The French CAC 40 lost 0.04% or 1.58 to 4450.79
-Frankfurt’s DAX 30 lost 0.11% or 10.53 points to 9700.17
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