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European Shares Lower After Comments From Fed's Powell; VW Up 2.5%


Thursday, 2 May 2019 14:24 WIB

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European stocks followed their U.S. counterparts lower on Thursday morning after the Federal Reserve chairman hinted that lower rates may not be in the cards.

The pan-European Euro Stoxx 600 Index was lower 0.3% to 389.86  in early deals. Most major bourses were in negative territory with only the German DAX bucking the trend.

Volkswagen reported first-quarter earnings in line with expectations on Thursday, as the automaker attempts to increase the pace of its transformation. Shares rose 2.5% in early deals.

Source : CNBC


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