European and Asian indices follow U.S. markets lower on Thursday after comments from Federal Reserve boss Janet Yellen pointed to earlier-than-expected rate rises from the world¿s most powerful central bank. Corporate news took a generally positive tone, with clothing retailer Next, insurer Munich RE and major Wal-Mart vendor Li & Fung all up after posting full-year results. But Danish machinery company FLSmidth is knocked by a broker downgrade.

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