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Australia’s central bank raised interest rates by the most in 22 years and flagged more tightening to come as investors keep an eye out for a European Central Bank meeting this week and U.S. inflation data.
The pan-European STOXX 600 index fell 0.4% by 0709 GMT.
Tech stocks led declines, down 0.7%, tracking a slide in U.S. peers overnight. French software maker Dassault Systemes was at the bottom of the STOXX 600 after a brokerage downgraded the company’s shares.
London’s FTSE 100 was flat as the pound slid. [GBP/]
UK Prime Minister Boris Johnson survived a no-confidence vote on Monday and set out a raft of new policies as he seeks to shore up his position among senior ministers.
SAS slumped 11.5% after the Swedish government said it will not inject new capital into the loss-making airline and does not aim to be a long-term shareholder in the company.
