India, July 31 -- European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.
On Wednesday, the Federal Reserve left the interest rate unchanged as widely expected. Fed Chair Jerome Powell's cautious tone, citing a strong labor market, high inflation and slowing growth, has somewhat ruled out a rate cut in September as well.
U.S. President Donald Trump announced a 25% tariff on Indian imports, but excluded copper from a planned 50% tariff.
The pan European Stoxx 600 closed down 0.75%. Germany's DAX and France's CAC 40 lost 0.81% and 1.14%, respectively. The U.K. market, which...