![European stocks mostly fall after Wall Street losses](https://www.portugalcolonial.pt/media/shared/articles/5b/59/47/European-stocks-mostly-fall-after-W-352542.jpg)
-
Jamaica's De Cordova-Reid joins Leicester from Fulham
-
Wolves' Kilman reunites with Lopetegui at West Ham
-
Schmidt reign off to winning start as Australia beat Wales 25-16
-
Russian wrestlers reject Olympics invitation
-
Raducanu rediscovers Wimbledon 'fun' factor after turbulent spell
-
Winning all that matters at Euro 2024 for Mbappe's minimalist France
-
Eight dead, two million affected by Bangladesh floods
-
Robertson pleased to 'find a way' past England in tough Test baptism
-
Martin sets lap record to secure German MotoGP pole
-
'Shattered' Germany set sights on World Cup after Euros exit
-
Olympic hope Pedersen pulls out of Tour de France
-
Djokovic eyes sweet 16 at Wimbledon as Swiatek takes on 'gangster'
-
End beckons again for Ronaldo after Portugal Euros KO
-
New Zealand edge England 16-15 in tense, brutal first Test
-
Turkey take on Dutch in politically charged Euros quarter-final, England face Swiss
-
Calling for better ties with West, Iran reformist wins presidency
-
Cybercrime groups restructuring after major takedowns: experts
-
Activists hail Sierra Leone child marriage ban, urge action on FGM
-
Marsch relishing Canada's semi clash with Argentina
-
Canada stun Venezuela on penalties to reach Copa semis
-
Iran reformist Pezeshkian holds early lead in runoff vote
-
Swiatek faces 'gangster' threat, Djokovic feels need for Wimbledon speed
-
France holds its breath ahead of uncertain vote
-
Starmer begins UK 'rebuild' after landslide election win
-
Paris's Moulin Rouge inaugurates new windmill sails ahead of Olympics
-
Pan, Rai share halfway lead in PGA John Deere Classic
-
'I was feeling terrible' in debate, Biden says in TV interview
-
France coach Deschamps savours ending penalty hoodoo, defends Mbappe
-
Thompson bids farewell to Warriors after exit
-
Portugal exit Euros with pride, will return stronger: Martinez
-
UK's new PM Starmer speaks to world leaders, names top team
-
Spain and France to face off in Euros last four, Turkey lament 'unfair' Demiral ban
-
Israel says negotiators to hold fresh Gaza truce talks next week
-
France beat Portugal on penalties to reach Euro 2024 semi-finals
-
Endrick to start for Brazil in Uruguay Copa clash: Dorival
-
Heartbreak for Germany fans after dramatic Euros exit
-
Beryl heads for Texas after causing damage, no deaths in Mexico
-
Nagelsmann laments late penalty decision as hosts Germany exit Euros
-
Biden declares he's all in ahead of high-risk TV interview
-
Spain team 'is a winning horse', says De la Fuente
-
Bows at the ready, Chad villagers battle kidnappings
-
Alcaraz mimics Bellingham goal celebration after Wimbledon win
-
Olmo hopes Pedri can make speedy return for Euros semi-finalists Spain
-
Retiring Kroos hopeful despite Germany's 'bitter' Euros exit
-
Southgate turns on English 'entitlement' over claims of easy Euros draw
-
Merino extra-time goal sends Spain past Germany to Euro semis
-
Koeman demands Dutch silence fervent Turkish fans at Euros
-
Brad Pitt at Silverstone for filming of F1 movie
-
Raducanu storms into Wimbledon last 16
-
California fires spread in July 4 weekend heatwave
![European stocks mostly fall after Wall Street losses](https://www.portugalcolonial.pt/media/shared/articles/5b/59/47/European-stocks-mostly-fall-after-W-352542.jpg)
European stocks mostly fall after Wall Street losses
European stock markets mainly fell Thursday with sentiment jarred by sliding shares on Wall Street, which was rocked by surging global inflation and the prospect of rising interest rates.
New York's Nasdaq on Wednesday fell into a correction -- a decline of greater than 10 percent from its most recent peak -- as tech giants are more susceptible to higher borrowing costs.
On Thursday, London slid 0.1 percent with shares in drugmaker GlaxoSmithKline falling 1.0 percent after consumer goods giant Unilever said it would not lift its £50-billion bid for the consumer health care unit owned by GSK and Pfizer.
Unilever shares rose on the news.
Paris equities also dropped 0.1 percent but Frankfurt grinded 0.1 percent higher in early afternoon eurozone deals.
Oil prices paused after a strong run-up this week on the back of expectations for improved demand as economies reopen and as unrest in the crude-rich Middle East sparks supply concerns.
"In Europe, the main bourses turned broadly lower after more selling in the United States, whilst Asian markets snapped a week's run of losses as China cut benchmark mortgage rates," said Markets.com analyst Neil Wilson.
Asian indices rose as investors returned to buying after recent losses, with Chinese property firms enjoying a much-needed lift on fresh easing measures by the country's central bank.
Signs that Beijing was on a new monetary easing course also provided some crucial support to Chinese tech giants which have been hammered in recent months as they were caught in the clutches of a wide-ranging, private-sector clampdown.
The People's Bank of China on Thursday lowered a key bank lending rate for the second time in as many months, days after slashing its policy rate for the first time since the pandemic struck.
However, investors remain grounded by concerns about the US Federal Reserve's monetary policy plans as it battles soaring inflation, which has been stoked by a cocktail of surging demand, supply chain snarls, rising wages and a spike in energy prices.
Speculation is now growing that the bank will have to lift interest rates four times or more this year.
Some analysts are tipping a 50 basis-point hike in March, the first such move since 2000, while the bank has also said it plans to offload the bond holdings on its books that have helped keep costs down.
The inevitable end of the era of ultra-cheap cash -- which helped fuel a near two-year equity rally and economic rebound -- has weighed on global markets for months.
- Key figures around 1200 GMT -
London - FTSE 100: DOWN 0.1 percent at 7,585.96 points
Frankfurt - DAX: UP 0.1 percent at 15,826.79
Paris - CAC 40: DOWN 0.1 percent at 7,163.95
EURO STOXX 50: UP 0.3 percent at 4,287.77
Tokyo - Nikkei 225: UP 1.1 percent at 27,772.93 (close)
Hong Kong - Hang Seng Index: UP 3.4 percent at 24,952.35 (close)
Shanghai - Composite: DOWN 0.1 percent at 3,555.06 (close)
New York - Dow: DOWN 1.0 percent at 35,028.65 (close)
Euro/dollar: DOWN at $1.1338 from $1.1343 late Wednesday
Pound/dollar: DOWN at $1.3604 from $1.3612
Euro/pound: UNCHANGED at 83.33 pence
Dollar/yen: DOWN at 114.27 yen from 114.33 yen
Brent North Sea crude: DOWN 0.2 percent at $88.25 per barrel
West Texas Intermediate: FLAT at $85.81 per barrel
E.Ramalho--PC