European shares slumped on Thursday following Wall Street and Asia losses amid a muted reaction on the U.S. Congress’s passage of a long-anticipated tax bill.
The pan-European STOXX 600 index inched 0.2 percent lower. Germany’s DAX 30 index dropped 0.3% to 13,034.19, while France’s CAC 40 lost 0.4% to 5,328.56.
Britain's FTSE 100 index dipped 7,522.38. Spain’s IBEX 35 tumbled 0.3% to 10,176.50.
Investors in Europe also focused on the regional election in Spain, where the government hopes the pro-independence parties to lose election in Catalan parliament.
Hopes for passage of a historic tax reform in the U.S. have triggered a rally in recent weeks, but the optimism has faded in recent days as the lawmakers got closer to the final vote.