European shares fell on Friday as uncertainty across major economies added to headwinds for investors even as the rate easing cycle gets under way, while a global outage hit services from airlines, banks and financial services.
LSEG Group’s LSEG.LWorkspace news and data platform suffered an outage that affected user access worldwide, causing disruption across financial markets. In China, investors were left disappointed over the lack of details provided on the implementation steps for achieving economic policy goals at the conclusion of its closely watched plenum on Thursday.
The euro was last at US$1.0887, having fallen 0.4 per cent in the previous session after the European Central Bank kept rates on hold as expected but left the door open to a September cut as it downgraded its view of the euro zone’s economic prospects. The dollar was partially underpinned by strong U.S. manufacturing data and jobless figures that did little to suggest a significant slowing in the labour market, though traders are still pricing in a September rate cut from the Federal Reserve.
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