Tech selloff weighs on European shares ahead of ECB meeting next week

European shares fell with the STOXX 600 index declining 0.34% to 641.53 points, as a tech selloff and escalating Middle East conflict weighed on sentiment. Tech stocks slipped 3.27% for the week despite ASML raising its 2026 sales forecasts, while rising oil prices and uncertainty over inflation complicated the market backdrop. Investors now turn to the ECB meeting on July 23, where interest rates are widely expected to remain unchanged.