As investors evaluated new economic data and the trajectory of interest rate decreases in the wake of hawkish remarks made by U.S. Federal Reserve Chair Jerome Powell, European markets were neutral on Friday.
As sectors differed, all of the main bourses saw price declines, with the pan-European Stoxx 600 falling 0.44% in early trades.
As investors assessed President-elect Donald Trump’s selection of Robert F. Kennedy Jr. to head the Department of Health and Human Services, health care stocks fell 2.06%, following broader declines for international vaccine manufacturers. Oil and gas stocks increased by 0.67%, but tech stocks also dropped by 1.64%.
Investors took in new U.K. GDP statistics on Friday for the first time since the Labour government’s October budget statement in order to get insight into the status of the British economy.
Source (CNBC)
