European shares fell at the close of trading today, Tuesday, June 14, following the Stoxx 600 index jumped by regarding 1% at the beginning of the session, and retail stocks led the losses, as they fell by 2%.
The market reacted to expectations of a sharp increase in the interest rate by the Federal Reserve later this week, as some estimates point to an increase of 75 basis points.
The S&P 500 officially entered the bear market on Monday following falling more than 20% since January.
The Bank of England will hold its monetary policy meeting next Thursday, amid expectations of an interest rate increase of regarding 25 basis points.
While official data in Germany showed today, inflation accelerated at the fastest pace in 5 years, recording 7.9% in May on an annual basis.
Data in the United Kingdom also showed a marginal increase in the unemployment rate during the three months ending in April by regarding 3.8%.
The shares of the French information technology company, Atos, fell by regarding 23%, following its CEO, Rodolphe Belmer, announced that he intends to resign from his position.
