European Market Updates

European Shares Drift Lower On Interest-rate Concerns

European stocks were deep in the red on Thursday, the dollar hit a 6-1/2 month high and Eurozone bond yields reached multi-month highs after the U.S. Federal Reserve signaled policy would remain restrictive for longer to curb stubborn inflation.

Meanwhile, the Swiss National Bank held rates unchanged earlier today, but warned that more increases may still be needed.

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by RTTNews Staff Writer

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