2023-07-07 17:44:42
European stocks fell today, Friday, to continue the heavy losses incurred in the previous session, in the wake of US data that showed that the labor market is still strong, while investors await an important report on US jobs, which is scheduled to be issued later in the day, to search for other clues regarding expectations regarding the path of interest rates.
The pan-European Stoxx 600 index fell 0.4%, heading for its worst weekly performance since mid-March. The utilities sector led the losses as it recorded a decline of 1.2%.
The Financial Times 100 Index fell 0.6%, according to Archyde.com.
The data also led to an increase in US Treasury yields for two years to the highest level in 16 years, and yields for ten-year Treasury bonds in Britain rose to the highest level since 2008. (Arabic)
Source: Arabic
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