European stocks slightly lower despite strong Amazon earnings

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The MSCI world equity index, which tracks shares in 50 countries, was still up about 0.2% on the day and set for its best week so far this year

London — European stock indexes faltered on Friday, even after strong Amazon earnings, while a sell-off briefly pushed German 5-year bonds positive for the first time in four years after the European Central Bank was more hawkish than expected.

But the MSCI world equity index, which tracks shares in 50 countries, was still up about 0.2% on the day and set for its best week so far this year. The euro jumped on Thursday and extended its gains on Friday, hitting a three-week high. At 9.21am it was up 0.1% at $1.1455. “In other markets, we’ve got a series of hikes priced in and so it may well be now that European markets have to digest the possibility of that.”

But Australia’s central bank was still content to keep policy ultra-loose in its quarterly statement on monetary policy, even as it sharply revised up its outlook for inflation and projected unemployment at 50-year lows.

 

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