Swiss National Bank leaves rates unchanged
C.banks in Sweden and Norway hike rates again
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STOXX 600 down 0.6
Sept 21 Reuters European shares fell on Thursday, tracking overnight losses on Wall Street after the U.S. Federal Reserve signalled higherforlonger interest rates, while investors awaited a key policy decision from the Bank of England.
The panEuropean STOXX 600 index was down 0.6 by 0808 GMT, with travel and leisure stocks shedding 2.1.
The techheavy Nasdaq led losses on Wall Street on Wednesday after the Fed held key interest rates steady, as expected, and revised economic projections higher with warnings that the battle against inflation was far from over.
Commoditylinked sectors like mining and energy each fell over 1, leading losses as metal and crude prices weakened against a stronger dollar.
UK39;s FTSE 100 eased 0.5 ahead of the BoE39;s decision at 1100 a.m GMT on whether it will halt a run of rate hikes that stretches back to December 2021 after data showed an unexpected drop in inflation.
Elsewhere in Europe, the Swiss National Bank SNB kept its policy interest rate unchanged at 1.75, while Sweden and Norway39;s central banks raised their key policy rate by a quarter percentage point.
Swiss stocks gained 0.5, while shares in Sweden and Norway fell 0.8 and 1.0, respectively.
The SNB39;s decision to keep rates unchanged at 1.75 was a big surprise,…