Europe Cautious After Wall Street Reversal
Weaker markets in Europe follow Wall Street decline, spurred by dovish remarks by Fed chair Janet Yellen yesterday and the possibility of further easing from the European Central Bank in June.
Weaker markets in Europe follow Wall Street decline. Oil and mining services sector hit by Petrofac warning. Anglo-Spanish airline group International Consolidated Airlines falls despite better prospects, while improvements at steelmaker ArcelorMittal fail to please. Market takes collapse of $35 billion Omnicom-Publicis merger in its stride.
