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