European stocks consolidate after sharp gains; central banks in focus

Investing.com - European stock markets edged lower Friday, consolidating after the previous session’s sharp gains as investors digested a series of policy decisions from the world’s major central banks.cutting interest rates by a hefty 50 basis points on Wednesday, starting a rate-cut cycle to shore up the economy following a prolonged battle against surging inflation.

Crude inventories in the U.S., the world's top producer, fell to a one-year low last week, according to official government data earlier this week, but bigger gains were held back by persistent concerns over slowing demand, especially in top importer China.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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