European stocks hit by weak global sentiment; UK retail sales slump

Investing.com - European stock markets fell Friday, continuing the negative global sentiment on concerns that elevated interest rates will hit economic activity.European equities have traded lower at the end of the week, tracking weakness in Asia and also Wall Street as increasing anxiety over sticky U.S. inflation and high interest rates battered sentiment towards risk-driven assets.

All eyes are now on the next meeting of the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, at the start of June. The group of producers is expected to discuss whether to extend voluntary oil output cuts of 2.2 million barrels per day.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. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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