Global Market | European shares slip on Fed hike bets, tech drag (opens original article in a new tab)

European shares declined at the open amid expectations of Fed rate hikes and concerns over corporate AI spending, while Asian markets fell sharply due to tech sector weakness and tighter U.S. monetary policy.

• European shares fell at the open due to Fed rate hike expectations and AI spending concerns
• Asian equities dropped sharply amid tech sector weakness and tighter U.S. monetary policy
• European tech stocks declined 2.6% following Asian and U.S. market weakness