European shares ended weaker today, pulling back from two-week highs in the previous session after the US Federal Reserve signalled an increasingly cautious approach to future rate hikes, with banks leading sectoral fallers.
In London the FTSE closed down 0.03% at 6,909, while all of the major euro area markets also fell.
The CAC in Paris lost 0.47% to stand at 4,488, while in Frankfurt the DAX dropped 0.31% at 10,622.
In Dublin the ISEQ ended the day 0.73% lower at 6,108. Kenmare and Aryzta – which appointed Garry McGann as its new chairman yesterday – were among the best performing shares, while First Derivative and Applegreen were among the weakest companies today.
Meanwhile, in the US Wall Street is lower in afternoon trading as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term.
Shortly before 6.15pm the Dow Jones was down 0.39% at 18,320, while the Nasdaq was 0.3% lower on 5,323.
Earlier in Asian trade, Tokyo's Nikkei index fell 54 points (0.3%) to finish at 16,754 as a stronger yen hit the outlook for Japanese exporters' profits. The Hang Seng index in Hong Kong was down 73 points (0.3%) to close at 23,686.