© Reuters. Screens display data from the German DAX index at the Frankfurt Stock Exchange on Friday. Photo by Reuters.
(Reuters) – European stocks fell on Friday, ending the week lower, after a slew of US economic data fueled fears that central banks will continue to raise interest rates.
The index closed down 1 percent, giving up gains it made earlier in the session after inflation in the United States was greater than expected, which reinforced fears that the US central bank will be forced to continue raising interest rates for a longer period in the largest economy in the world.
The European index ended the week down 1.4 percent, with mining stocks leading the losers, with metals prices falling in light of weak demand in China and rising prices.
(Prepared by Mahmoud Abdel-Gawad for the Arabic Bulletin)
