European Shares Slip as Technology And Tourism Stocks Fall

European shares fell on Thursday, following in the footsteps of US stocks Wednesday night, due to uncertainty regarding the coronavirus pandemic and the prospect of an early interest rate hike.

The pan-European STOXX 600 index was down 1.1 percent, after experiencing its best session in nearly six months on Wednesday. Technology stocks were the biggest loser on the index, followed by travel stocks, which fell 2 percent.

And US stocks witnessed intense selling after the announcement of the first infection with the Omicron mutator, and following the statements of Jerome Powell, Federal Reserve Chairman, that inflation may not decline in the second half of next year.