In the Asian session, the German Benchmark Index traded below 18,300 levels.
European stocks retreated from near record-high levels as investors reassessed the outlook for interest rates in light of recent signals from U.S. Federal Reserve policymakers.
The policymakers have tempered their expectations for interest rate cuts this year, prompting concerns about the future economic environment and borrowing costs.
This recalibration of expectations has led to increased caution among investors, contributing to the decline in European stock markets.
As a result, market participants are closely monitoring economic indicators and central bank communications to gauge the potential impact on investment strategies and economic growth.
