European Stocks Retreat from Seven-Week High as Technology Shares and Weak French GDP Weigh on Markets: DAX, CAC, FTSE100
European stock markets traded mostly lower on Friday, retreating from a seven-week closing high reached in the previous session, as concerns about artificial intelligence investment, elevated oil prices and disappointing French economic data weighed on investor sentiment. The decline followed Thursday’s gains, which had been supported by stronger corporate earnings and decisions by both the US Federal Reserve and the European Central Bank to leave interest rates unchanged.
European stock markets traded mostly lower on Friday, retreating from a seven-week closing high reached in the previous session, as concerns about artificial intelligence investment, elevated oil prices and disappointing French economic data weighed on investor sentiment. The decline followed Thursday’s gains, which had been supported by stronger corporate earnings and decisions by both the US Federal Reserve and the European Central Bank to leave interest rates unchanged.
What's Your Reaction?
