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Stock indices closed lower after comments by the Fed Chair Yellen and due to rising tensions in Ukraine. Janet Yellen said that the U.S. labour market is not yet fully recovered. But she added that the U.S. labour market was improving. The Fed Chair Yellen offered no signal when the Fed will start to raise its interest rate.
Investors speculate that the Fed may hike its interest rate sooner than expected.
Tensions over Ukraine also weighed on markets. Ukraine said Russian humanitarian aid trucks crossed the Ukrainian border without being accompanied by the Red Cross.
The European Central Bank President Mario Draghi will also speak in Jackson Hole later in the day, but the European markets will be closed.
No major economic reports were released in the Eurozone.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,775.25 -2.41 -0.04%
DAX 9,339.17 -62.36 -0.66%
CAC 40 4,252.8 -40.13 -0.93%
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