European Stock Market Sees Moderate Losses Amid Labor Market Data and Interest Rate Cut Expectations

PARIS/LONDON (dpa-AFX) – On the European stock market there were ultimately moderate losses for the leading index EuroStoxx 50 EU0009658145 on Friday. Labor market data from the USA were in focus and generally strengthened investors’ expectations that there will be a first cut in key interest rates in June. In the afternoon this initially caused a daily high. When profit-taking began on the US stock exchanges, the leading index in the Eurozone turned into the red.

The EuroStoxx 50 closed 0.26 percent lower at 4961.11 points. At its peak, with 4,986 points, it was even closer to the 5,000 mark that was last on the price board in 2000. However, his weekly balance is clearly positive at 1.4 percent. This marked his seventh winning week in a row.

The record-high French Cac 40 FR0003500008 remained positive on Friday, ultimately rising by 0.15 percent to 8028.01 points. The British leading index FTSE 100 GB0001383545, on the other hand, fell by 0.43 percent to 7659.74 points.

2024-03-08 23:12:54
#job #data #EuroStoxx #swinging #moderately #red

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