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The pointer has dropped Stoke 600 1.2 percent European, thus recording the third consecutive session of defeats.
US data showed employers in the US hired more workers than expected in September and the decline Unemployment rate The 3.5% registration, which has increased speculations that the US Federal Reserve will raise interest rates next month by 75 basis points for the fourth consecutive time.
The data came on the heels of the release of minutes from the latest European Central Bank meeting on Thursday, which fueled fears of a sharp rise in interest rates to contain hyperinflation in the euro zone.
But the pan-European Stoxx 600 index made a weekly gain of around one percent, as expectations that major central banks might ease somewhat from the tightening monetary policy approach helped strengthen stocks in the early sessions. of the week and pushed the index to the best weekly performance in a month.
The tech sector, sensitive to interest rate hikes, fell 4.3% on Friday and led the Stoxx 600 decline, followed by the real estate sector by 2.4% and the manufacturing sector by 2.3%.
Adidas shares fell 5.2% after the German sports and apparel company said it was reviewing its partnership with designer and rapper Kanye West.
Shares of Credit Suisse were up 5.4% after the bank said it would repurchase up to 3 billion Swiss francs ($ 3 billion) of premium debt, in a show of strength as it sought to reassure investors afterwards. a turbulent week.
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The pointer has dropped Stoke 600 1.2 percent European, thus recording the third consecutive session of defeats.
US data showed employers in the US hired more workers than expected in September and the decline Unemployment rate The 3.5% registration, which has increased speculations that the US Federal Reserve will raise interest rates next month by 75 basis points for the fourth consecutive time.
The data came on the heels of the release of minutes from the latest European Central Bank meeting on Thursday, which fueled fears of a sharp rise in interest rates to contain hyperinflation in the euro zone.
But the pan-European Stoxx 600 index made a weekly gain of around one percent, as expectations that major central banks might ease somewhat from the tightening monetary policy approach helped strengthen stocks in the early sessions. of the week and pushed the index to the best weekly performance in a month.
The tech sector, sensitive to interest rate hikes, fell 4.3% on Friday and led the Stoxx 600 decline, followed by the real estate sector by 2.4% and the manufacturing sector by 2.3%.
Adidas shares fell 5.2% after the German sports and apparel company said it was reviewing its partnership with designer and rapper Kanye West.
Shares of Credit Suisse were up 5.4% after the bank said it would repurchase up to 3 billion Swiss francs ($ 3 billion) of premium debt, in a show of strength as it sought to reassure investors afterwards. a turbulent week.
