Europe stocks set to extend losses after worst session for a month

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European markets are heading for a lower open Wednesday after the Stoxx 600 index had its worst session since late April.

dropped 0.6% on Tuesday, its steepest loss since April 30, as investors focus on the interest rate outlook and monitor rising"Earnings season was generally better than feared," Marcus Morris-Eyton, portfolio manager for Europe and global growth at AllianceBernstein, told CNBC's"

European Central Bank Governing Council member Klaas Knot meanwhile said in a London speech that it will"soon" be appropriate to move toward less restrictive monetary policy, but that easing must go"slowly" and"gradually" from there.The Australian miner said in a statement that it had proposed a number of"socioeconomic measures" to address concerns over its bid, but added that more time was needed to discussions.The U.K.

"We are far from topping out on AI. This should be enough to sustain investor confidence in AI supply chain stocks in Asia," the investment bank's analysts wrote in a May 22 research note.

 

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