European stocks fell and US Treasuries steadied after selling off in the prior session as the head of the Federal Reserve confirmed his willingness to raise borrowing costs aggressively to fight inflation.
The Stoxx Europe 600 share index opened down 1.1 per cent, taking it more than 6 per cent lower for the year to date, after Fed chair Jay Powell said a 0.5 percentage point interest rate rise was “on the table” for May. Germany’s Xetra Dax dropped 1.1 per cent and London’s FTSE 100 slid 0.5 per cent.
The falls also came after the Financial Times revealed that the UK government was preparing legislation that would enable it to tear up the Northern Ireland protocol, putting the EU’s post-Brexit trade deal with Britain at risk.
您已阅读22%（736字），剩余78%（2652字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。