The index posted its biggest one-day drop since May in the previous session after joining the index European Central Bank To the US Federal Reserve in saying that the tightening of monetary policy will continue despite the risks this entails for the economy.
Telecoms and retail stocks lost today, Friday among major sectors listed on the STOXX 600. Banking stocks, sensitive to the economic outlook, were up 0.1% after last week’s sharp decline.
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withdraw Stoxx 600 indicator The European Union rose 0.2% to a new low, its lowest in a month, registering 427.96 points by 0813 GMT, and is expected to suffer a weekly loss of 2.4%.
The index posted its biggest one-day drop since May in the previous session after joining the index European Central Bank To the US Federal Reserve in saying that the tightening of monetary policy will continue despite the risks this entails for the economy.
Telecoms and retail stocks lost today, Friday among major sectors listed on the STOXX 600. Banking stocks, sensitive to the economic outlook, were up 0.1% after last week’s sharp decline.
