European stocks fell on Friday and ended the week lower, as uncertainty surrounding peace efforts kept… The Middle East Investors are in a state of tension, while company shares have stopped Technology About rising after a strong rising wave that lasted two months.
The index fell Stokes 600 European rose 0.3% to 622.66 points, and lost 0.5% during the week.
Crude decline Brent For the second session in a row, but prices remained close to $93 per barrel. Hopes for achieving diplomatic progress were evident US andIran Limited after the exchange of blows earlier in the week, while the ceasefire remains between Israel andLebanon “Unconfirmed with refusal”HezbollahDirect negotiations with Israel.
High costs contributed Energy In complicating inflation expectations. Data this week showed inflation accelerating in the region euro During May, which strengthened market expectations for boldness European Central Bank On the lift Interest rates 25 basis points next week.
The trading floor of the Euronext stock exchange in the La Défense business district in Paris, France (Reuters)
Analysts said Deutsche Bank Led by Mark Wall in a note: “Hikes (interest rates) in line with data.”
They added: “But reaching an agreement between the United States and Iran will not prevent this. After three months of rising energy prices, the European Central Bank believes that part of Inflation Indirect is inevitable.
Sentiment was negatively affected by US jobs data, which was stronger than expectations and showed the addition of a number of jobs far exceeding expectations in May. These data reinforced expectations that the Federal Reserve (US central bank) to raise interest rates later in the year, adding pressure on global stocks.
Companies stocks topped the list Technology Declines fell by 2.9% after rising by about 30% over the past two months.
This decline came in the wake of a broader slowdown in the shares of technology companies globally this week, after disappointing results announced by the American chip maker Broadcom.
Shares of European chip companies fell, as Infineon shares fell 9.1% and Extron shares fell 4.8%. Shares of equipment manufacturing companies fell artificial intelligence Such as LeGrand 2.3% and Schneider Electric 4.5%.
