Richemont falls after H1 earnings miss
UK39;s Diageo plummets, co warns on H1 profit
Italy industry output stagnates in Sept

Nov 10 Reuters European shares fell on Friday, hurt by higher bond yields, as hawkish comments from the U.S. Federal Reserve Chair poured cold water on investor optimism around a peak in interest rates.

The panEuropean STOXX 600 fell 0.8 by 0915 GMT, easing from a threeweek high hit on Thursday.

However, it remained poised for a second weekly gain, helped by a handful of upbeat earnings.

Basic resources and real estate were the worst weekly sector performers, while media and industrials were the focus of investors39; buying spree.

Fed officials including Chair Jerome Powell on Thursday expressed uncertainty on their battle against inflation and added that they would tighten policy further, if needed.

Markets are sort of focusing on the more hawkish messaging from Powell, but he just stressed there could be further hikes, nothing different from what he has said before, said Giles Coghlan, chief market analyst at brokerage GCFX.

The comments follow European Central Bank and Bank of England policymakers also recently pushing back against expectations around rate cuts.

On the earnings front, Richemont slid 6 after the Swiss luxury group reported weakerthanexpected earnings, pulling down rivals LVMH, Kering and Hermes between 1.4 and 3.3.

The luxury sector dropped 2.6, on track for its worst day in a month.

Diageo tanked 12.8 as the…