News Tech: Aug 24 (Reuters) – European shares extended a selloff on Wednesday, as investors fretted over an energy crisis and gloomy growth outlook, while hawkish comments on U.S. Federal Reserve monetary policy further dented sentiment.
The energy sub-index (.SXEP) firmed 0.2% to extend gains to seventh straight day.
The pan-European STOXX 600 (.STOXX) was down 0.2%, as of 0716 GMT, to hover near one-month lows on downbeat performances by miners.
Investors were cautious ahead of the Jackson Hole symposium after Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday reiterated the Fed’s focus on controlling inflation ahead of all else. read more
RegisterReporting by Anisha Sircar in Bengaluru; Editing by Sherry Jacob-Phillips
Source: Reuters Trust Principles.