European shares kick off 2024 on dour note; tech stocks lead declines

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By Ankika Biswas and Shashwat Chauhan

(Reuters) -Europe’s benchmark stock index capped off the first trading day of the New Year lower with technology stocks amongst top decliners on Tuesday, as traders bid adieu to an upbeat 2023 that was fuelled by expectations of nearing interest rate cuts.

The pan-European STOXX 600 index ended 0.2% lower after hitting its highest level since Jan. 2022 intraday, with euro zone government bond yields also rising. [GVD/EUR]

The technology sector index led declines, falling 1.8%, dragged…

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