European shares fall as US rate cut expectations wane; UK fiscal worries resurface
European shares fell on Friday, as hawkish commentary from U.S. policymakers dampened expectations of an imminent interest rate cut, even as the benchmark STOXX 600 index registered its strongest weekly performance since late September. The pan-European STOXX 600 ended down 1% to 574.81 points, with banks down 2.4%. Macro developments in the U.S. have been…