Investing.com - European stock markets edged lower Friday, as investors digested the latest ECB interest rate cut as well as growth data from China, the world’s second-largest economy.cut interest rates on Thursday by 25 basis points to 3.25%, following on from September’s move - the first back-to-back rate cut since 2011.
Although this reduction was widely expected, the quickening pace of rate cuts points to a worsening economic outlook amid signs that inflation is increasingly under control.data showed the Chinese economy grew 4.6% in the third quarter, largely as expected although the economy’s pace of growth remained below Beijing’s annual target.
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