European shares drop on disappointing earnings and Fed fears

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European shares drop on disappointing earnings and Fed fears via IrishTimesBiz

Pandora slipped 2.1 per cent after the Danish jewellery maker flagged increased uncertainty around its full-year earnings forecast.plunged 9.8 per cent after it posted a drop in profit and braced for potential project cancellations in its Eastern European markets as an indirect effect of the war in Ukraine.gained 3.

Still, bank stocks were up generally higher after US Treasury two-year yields, the most sensitive to the Federal Reserve’s interest rate outlook, soared to their highest since November 2018. Rising interest rates tend to boost banks’ lending margins.

 

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