European Stocks Open Lower After Powell's Speech

European stock markets opened lower after Federal Reserve Chair Jerome Powell emphasized the persistent risks in the labor market and inflation. He also noted that stock prices appear relatively high. Geopolitical tensions continue to be a significant concern, particularly as U.S. President Trump has intensified his rhetoric against Russia. In a recent social media post, Trump stated, "I believe that Ukraine, with the support of the European Union, is capable of fighting and reclaiming all of Ukraine in its original form."