European Markets Set to Slump as the Prospect of Rate Hikes Clouds Investor Sentiment

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European Markets Set to Slump as the Prospect of Rate Hikes Clouds Investor Sentiment
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European stocks are expected to slump at the open on Monday as investor sentiment is dominated by the prospect of forthcoming interest rate hikes.

The region's major bourses closed in negative territory last Friday, with the investor mood darkened by the European Central Bank's confirmation, last Thursday, that it intends to hike interest rates by 25 basis points at its July meeting.

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