index opened 0.74% lower, keeping it on course for a weekly loss. All sectors were in the red as utilities led losses for a second day, down 1.3%.While the European Central Bank still looks on track to begin cutting interest rates in June, the Bank of England's own course was thrown further into doubt this week byEurope's stock markets opened lower on Friday, with the regional Stoxx 600 index down 0.74% in early deals.
U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday."Sales volumes fell across most sectors, with clothing retailers, sports equipment, games and toys stores, and furniture stores doing badly as poor weather reduced footfall," the ONS said.European stocks are set to open in the red on Friday as they remain on track for a losing week.
"I think a lot of that has been priced in and now you'll see it trickle out as it has been into other players in in this space," the chief investment officer told CNBC's"While both companies offer cryptocurrency trading, Coinbase could stand to benefit more from the introduction of ether ETFs as it offers a slew of other crypto services, including custody and staking, as well as a larger selection of tradeable assets.