European markets edge lower as tech stocks lead losses; Phoenix Group shares up 10%

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European markets were slightly lower Friday afternoon after stocks soared to an all-time high in the previous session.

was 0.2% lower at 1:58 p.m. London time, with most sectors in negative territory. Tech stocks led the losses, down 1%.on Thursday by lowering its main policy rate by 0.25 percentage points to 1.5%. The decision made Switzerland the first major economy to cut interest rates in a sign of policymakers' growing confidence in the battle to tame inflation.on Thursday, but hinted cuts could be on the horizon as inflation falls faster than anticipated.

Vodafone and Three disagreed with the CMA's findings and said they remain confident the transaction would deliver benefits for customers in the U.K. The rising demand for generative artificial intelligence has led to a surge in shares of many AI-linked companies like chipmaker Nvidia and ChatGPT backer Microsoft. Now, RBC Capital Markets has identified three lesser-known companies poised to cash in on the AI boom in a big way.

 

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