European stocks closed lower on Friday, affected by fears of a speculative bubble in AI and the weakness of the global economy.
Lara Maior
Economy
Jan Mikš / Panthermedia / Profimedia
Always see our news on Google
On Friday, European stocks recorded a significant decline, with the pan-European Stoxx 600 losing over 1%. All major exchanges in the region experienced declines, with the technology index Stoxx Technology dropping by 1.4%, influenced by massive sell-offs on Wall Street. Companies like Infineon, SAP, and BE Semiconductor had weak performances, with SAP announcing concessions to resolve a EU antitrust investigation. Additionally, Novo Nordisk shares fell by 2.4% after a management reorganization.
Investors are concerned about the weakness of the global economy, especially in China, where declines in fixed investments and a slowdown in retail sales have been observed. Comments from Federal Reserve officials have led to a reassessment of expectations regarding interest rate cuts. In the UK, government bond yields rose, while the pound sterling fell.
The earnings season has brought mixed results, with Allianz reporting a record profit, while Richemont shares rose by 5.9% due to increasing demand in the luxury sector.
Investors are concerned about the weakness of the global economy, especially in China, where declines in fixed investments and a slowdown in retail sales have been observed. Comments from Federal Reserve officials have led to a reassessment of expectations regarding interest rate cuts. In the UK, government bond yields rose, while the pound sterling fell.
The earnings season has brought mixed results, with Allianz reporting a record profit, while Richemont shares rose by 5.9% due to increasing demand in the luxury sector.
Sources
Bursele europene au închis vineri în scădere, pe fondul temerilor legate de o posibilă spargere a bulei speculative din AI
Bursele europene în declin. Investitorii devin mai prudenți în fața evaluărilor din sectorul tech
Bursele europene cad puternic, pe fondul temerilor din tech și al semnalelor de slăbiciune economică globală
Latest News
10:30
Tánczos Barna: Drought Drastically Reduced Grain Production in Three Counties, While Transport Remains the Main Problem
10:22
Meteorologists warn of an unstable winter, amid the formation of the polar vortex and the Super El Niño phenomenon
10:17
Kim Yo Jong, Kim Jong Un’s sister, rejects calls for North Korea’s denuclearization and defends its nuclear arsenal
10:17
Simion told Nicușor Dan that he is “to blame” for the next government, which will be “a disaster”: “It is impossible to reach any stable majority in Parliament”
10:14
King Charles, unusual reaction to Charles Spencer’s criticisms regarding his response after the death of Princess Diana: “The grief caused by the loss of a sibling can cloud reason, impair judgment, and influence memories”
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
