European markets closed lower on Thursday as investors digested the latest Federal Reserve minutes.
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The pan-European Stoxx 600 ended the session down 1.6% provisionally, with all sectors in the red apart from utilities. Miners and retailers led the sectoral losses.
The CAC 40 in France was down 2.4%, while the FTSE 100 in the U.K. was off by 1.7%. Germany’s Xetra DAX was 1.7% lower.
Markets experienced a sell-off stateside on Wednesday following minutes from the last Fed meeting, which took place in July.
The central bank discussed starting to remove some of the monetary stimulus, likely before the end of the year as the U.S. economy gathers momentum. However, Fed officials reiterated that tapering would not necessarily mean an imminent rate increase.
Major U.S. stock averages then retreated Thursday too as concern grew that the Federal Reserve could remove stimulus this year, slowing an economy hurt by the spread of the Covid delta variant.
Reference: CNBC
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