European stocks dip as rate uncertainty weighs
European stocks slipped 0.3% as U.S. Federal Reserve officials cautioned on interest rate cuts. The STOXX 600 index saw gains in healthcare stocks offset by losses in banks and utilities.
inched lower on Tuesday, following losses in Asian equities as U.S. Federal Reserve officials tempered investor enthusiasm about potential as they called for .The pan-European slipped 0.3% by 0710 GMT, with gains in more than offset by losses in banks and utilities.
Investors will focus on minutes from the Fed's last policy meeting and chip giant 's earnings on Wednesday to see if the recent momentum, that pushed U.S. and European equities to record highs, continues.
Weighing on market mood, including Vice Chair Philip Jefferson were not ready to say is heading to the central bank's 2% target, with several on Monday calling for continued policy caution.
The market declines came even as data showed fell more than expected in April.
gained 0.9%, after the drugmaker said it aims to grow revenue by about 75% to $80 billion by 2030.
dipped 3.3%, after Italy's top insurer reported first-quarter results, while energy contractor climbed 3.5% on winning new contracts worth $3.7 billion.
Source: Stocks-Markets-Economic Times
