Europe’s benchmark STOXX 600 fell to a more than one-week low on Tuesday, as expectations for imminent interest rate hikes by the Federal Reserve and concerns around increased corporate spending on AI dented sentiment.
The pan-European index fell 1.3% to 631.06 points – its lowest since June 12 – by 0828 GMT, with most sectors trading in negative territory. The tech sector fell 3.4% and was on course for its biggest daily drop since February as investors globally reassessed companies that rallied earlier this quarter on…