Economy

European Stocks Open Stable Amid Concerns Over Interest Rate Hikes

European Stocks Open Stable Amid Concerns Over Interest Rate Hikes

European stocks opened stable today, Tuesday, amid concerns that major central banks may raise interest rates to combat slowing economic growth, which has diminished support from defensive healthcare sector stocks. The European "Stoxx 600" index remained steady at 459.78 points. The index had declined in the previous session due to data indicating weak U.S. corporate activity, prompting investors to take profits after last week's recovery in stocks. Technology stocks, which are highly sensitive to interest rates, fell by 0.8%, leading the sector losses today, while healthcare stocks rose by 0.6%.

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