© Reuters. German DAX stock index chart on the Frankfurt Stock Exchange
June 7 (Reuters) – European stocks fell on Tuesday as optimism over China’s reopening gradually faded and investors worried about the impact of aggressive monetary policy tightening on global economic growth.
Australia’s central bank raised interest rates to the highest level in 22 years and signaled more tightening to come as investors watched this week’s European Central Bank meeting and US inflation data.
The pan-European index was down 0.4% at 0709 GMT.
Tech shares led the declines, down 0.7%, following their US counterparts overnight. French software maker Dassault (EPA:) Systemes fell to the bottom of the STOXX 600 after a securities agency downgraded the company’s stock.
The Londoner remained almost unchanged, while the pound fell. [GBP/]
British Prime Minister Boris Johnson survived a no-confidence vote on Monday and laid out a new set of policies that he hopes will shore up his position among top ministers.
SAS tumbled 11.5% after the Swedish government said it would not inject new capital into the losing airline and had no intention of becoming a long-term shareholder in the company.
(Reporting by Susan Mathew in Bengaluru; editing by Shounak Dasgupta; translation by Flora Gómez)
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