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Jan 14 (Reuters) - European shares slipped on Friday after
hawkish remarks from U.S. central bank officials fanned worries
about the impact of tighter monetary conditions, while SAP
reported upbeat quarterly revenue for its cloud business
The pan-European STOXX 600 shed 0.7%, tracking
weaker global markets amid nervousness after Federal Reserve
Governor Lael Brainard became the latest and most senior U.S.
central banker to signal that rates will rise in March to combat
All sectors were in the red, with tech stocks
leading losses with a 1.3% drop, while bank stocks were
among the slimmest decliners.
German business software giant SAP climbed 1.9%,
and was among the best performers on the STOXX 600, after saying
fourth-quarter revenue from its cloud computing business jumped
Europe's third-largest insurer Assicurazioni Generali
dropped 0.6% after saying director Francesco
Caltagirone has resigned from the board amid a boardroom fight
between top investors.
Silicon specialist Wacker Chemie jumped 3.8% after
saying 2021 earnings were above its own target range and beat
Power group EDF plunged 23.4% after France ordered
the state-controlled firm to sell more of its cheap nuclear
power to smaller competitors to limit the increase of
electricity prices in the country.
(Reporting by Anisha Sircar in Bengaluru; Editing by Shounak