Major European stock markets closed lower on Friday as strong US labor market data heightened fears of Fed aggression leading to a sharp rise in bond yields.
Initially, investment sentiment strengthened globally after the mini-rally of indices in the US yesterday, with upward trends in the morning and in Asian stock markets amid mixed signs for investors, such as rising energy prices and easing of restrictions on coronavirus in China.
The climate, however, was hit hard internationally by strong US labor market data in May, raising fears that the Fed could escalate its interest rate hike more sharply as European indices weaken.
Thus, the pan-European index Stoxx 600 closed with small losses of 0.26% at 440.09 points.
In the individual dashboard, the German DAX The French fell 0.17% to 14,460.09 points CAC 40 slipped 0.23% to 6,485.30 points.
The pressures were greater in Italy where FTSE MIB recorded a fall of 1.06% to 24,166.66 points, while in Spain the IBEX 35 lost 0.22% to 8,724.80 points.
In London o FTSE 100 was closed due to the holiday for the platinum Jubilee of Queen Elizabeth.
In the individual shares, the Danish bank Ringkjoebing Landbobank saw its share strengthen by 4.2%, after upgrading its estimates for the year.
Car parts maker Faurecia, meanwhile, lost 6.7 percent after announcing it was raising capital to pay for its acquisition of rival Hella.
Source: Capital
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