Central Bank Decisions and Fed Fireworks: European Markets Nervously Slide

European investors should brace themselves for policy decisions from four major central banks, including the Bank of England, following the market turbulence caused by the Federal Reserve's hawkish stance. The surge in Treasury yields and decline in stocks indicate that Chair Jay Powell's comments were more hawkish than anticipated. Asian shares slumped, U.S. yields rose, and U.S. stock futures pointed lower. European equities are expected to open lower. The Bank of England's decision will be closely watched, as conflicting forces make it a finely balanced call on whether to hike or maintain rates. The central bank bonanza continues with policy decisions from the SNB, Riksbank, and Norges Bank, followed by the Bank of Japan's highly scrutinized decision on Friday.