Worries over the outlook for China additionally weighed on sentiment in Hong Kong and Shanghai after mainland officials failed to provide any details on plans to boost growth, despite pledges of help."The FTSE 100 was on the back foot... as central bankers used a conference in Portugal to ram home the message that more rate hikes could be coming and rates could stay higher for longer than the market thinks," noted AJ Bell investment director Russ Mould.
Fed boss Jerome Powell on Thursday reiterated his warning that two more US rate hikes were probably necessary by the end of the year as there was still"a long way to go" to bring inflation down to the Fed's two-percent target.
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