European shares fall to one-month low as oil stocks slide, Pearson plummets

The Iseq All Share index declined by 0.5 per cent at 8,388.42.

Greencoat Renewables was also in focus, down 0.2 per cent at €1.08, as investors mulled a trading update from the renewable energy company.London’s FTSE 100 reversed early gains to end the session lower as a slump in energy firms outweighed strong earnings from Europe’s biggest lender, HSBC, in the first quarter.

Online education firm Pearson tanked 15 per cent, marking its worst daily loss in over six years after US rival Chegg issued a lower forecast, warning on tough ChatGPT competition. The Federal Reserve is widely expected to raise interest rates by quarter of a point to a range of 5 to 5.25 per cent, its highest level in nearly 16 years, when the central bank concludes its two-day policy meeting on Wednesday.

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