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European shares open lower after Wall Street tech selloff, Korean tensions

Published 26/09/2017, 08:49
© Reuters. The German share price index, DAX board, is seen at the stock exchange in Frankfurt
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LONDON (Reuters) - European shares opened lower on Tuesday after a selloff in technology shares on Wall Street and amid tensions over Korea, while investors awaited further clues on whether U.S. interest rates will rise in December.

Hints on the future trajectory of rates could emerge after market close (1645 GMT) when Federal Reserve Chair Janet Yellen gives a speech on inflation and monetary policy in Ohio.

The pan-European STOXX 600 (STOXX) fell 0.1 percent with most European bourses and sectors in negative territory. Energy (SXEP) outperformed, boosted 0.6 percent by a rise in oil prices that followed a threat by Turkey to cut crude flows from Iraqi Kurdistan.

Sabre-rattling over Korea also kept a lid on gains after Pyongyang accused Washington of declaring war, though the impact of the escalating rhetoric remained modest.

© Reuters. The German share price index, DAX board, is seen at the stock exchange in Frankfurt

"Let's hope this all stays cartoon-ish", analysts at Rabobank bank said in a morning note.

(reporting by Julien Ponthus; editing by John Stonestreet)

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