European shares fall as the mining and banking sectors are hit by a hawkish tone from the Federal Reserve


European shares fell on Monday, as mining and banking stocks bore the brunt of a sudden shift in the US Federal Reserve’s stance on monetary policy last week.
The European Stoxx 600 index fell 0.6 percent to its lowest level in more than two weeks, according to what was published by “Reuters”.
On Friday, the index halted a four-week winning streak after the Federal Reserve indicated that it may raise interest rates much sooner than expected.
Mining shares fell 1.7 percent, tracking the impact of falling metal prices, while banking shares lost 1.3 percent as investors took profits after a rally that lifted them more than 20 percent this year.
Later in the day the focus will be on ECB President Christine Lagarde’s speech to the European Parliament.


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