[BENGALURU] European stocks were hit by a wave of selling in global equity markets on Thursday after the US Federal Reserve signalled a long and difficult path of recovery for the world's largest economy. Read more at The Business Times.
"That the Fed appeared reluctant to step up further stimulus efforts imminently, disappointed the bulls who were expecting further clues on the trajectory of monetary policy."
Worries over rising coronavirus cases in Europe also kept investors on edge. Norway said it will impose a 10-day quarantine on all people arriving from Britain, Austria, Greece and Ireland from Aug 22. Swedish private equity firm EQT slumped 10.6 per cent as it said the pandemic led to fewer investments for the company this year and sharply slower pace of exits.
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