European stocks drop ahead of Powell’s speech, banks weigh in – Reuters

European stocks drop ahead of Powell’s speech, banks weigh in – Reuters

(Reuters) – European stock markets ended lower on Thursday with resource stocks weighing the most, while an aggressive growth strategy by the US Federal Reserve was met with little fanfare locally.

The DAX chart of the German Stock Price Index is presented on the Stock Exchange in Frankfurt, Germany on August 6, 2020. REUTERS / Staff

The pan-European STOXX 600 index closed 0.6% lower,…

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