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
07:58
Sorin Grindeanu, response to Ilie Bolojan: “Mr. Bolojan, stop living in the past! Focus on the present and, above all, on the future!”
07:54
Trump is considering dismissing the U.S. ambassador to Greece, Kimberly Guilfoyle: “Yes, we are not satisfied”
07:45
RJ Mitte, the actor from “Breaking Bad,” has died at the age of 34. Texas authorities are investigating the circumstances of his death
07:19
Luca Niculescu’s solutions, if there is no clear majority: “We could also have a hybrid government; a technocratic government is also possible, with an agreement between the parties, so that there are several key objectives on which they agree”
07:19
The Bucharest Tribunal will decide on Tuesday whether to keep Călin Georgescu in pretrial detention
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
