News Formal

Europe stocks open lower after BOE rate hold, Swiss cut; UK retail sales beat forecast

  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 70%
  • Publisher: 72%

Interest Rates News

Central Banking,STOXX 600,Economic Events

European stocks opened lower Friday as investors monitor a slew of central bank decisions and data releases.

Jack Taylor | Getty Images News | Getty Imagesindex was down 0.3% in early deals, though sector movements were muted. Retail and technology stocks led losses, both down 0.5%.announced

it would cut interest rates by 0.25 percentage points to 1.25%. The SNB became the first major central bank to cut rates during this cycle back in March.at a 16-year high of 5.25%. Economists largely detected a dovish undertone to policymakers' latest messaging, as they described a "finely balanced" decision not to cut, though by Friday money market bets on an August rate cut had fallen back down to around 40%.

"After a slow start to the year, retailers can take comfort in retail sales recovering just in time for summer — a time when major sporting events, from the EUROs to the Olympics, will also likely improve the trading environment," Deann Evans, EMEA managing director at Shopify, said., which held steady for a third straight month, and German and British flash purchasing managers' index figures across manufacturing and services.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks edged higher; BOE meeting, inflation data due this weekEuropean stocks edged higher; BOE meeting, inflation data due this week
Source: Investingcom - 🏆 450. / 53 Read more »

European stocks slump after European vote, shock French electionEuropean stocks slump after European vote, shock French election
Source: Investingcom - 🏆 450. / 53 Read more »

European stocks lose steam after European Central Bank cutEuropean stocks moved lower on Friday, after closing at a record high during the previous session.
Source: NBCNewYork - 🏆 270. / 63 Read more »

European stocks open marginally higher after European Central Bank cutEuropean stocks opened slightly higher on Friday, after closing at a record high during the previous session.
Source: CNBC - 🏆 12. / 72 Read more »