LAST UPDATE 17:05
European stock indices closed lower, albeit with small losses, at the close of the trading week, as strong data on the US labor market intensified fears of aggression by the Fed, leading to a significant rise in bond yields.
In particular, the pan-European Stoxx index traded with small losses of 0.15% and is at 440.6 points, as well as the high capitalization of the Stoxx 50 with -0.1% at 3,790 points.
In the rest of the European charts, the German DAX is around the unchanged at 14,489 points, while the French CAC 40 trades at 6,491 points with -0.15%.
The biggest pressures are in Italy where the FTSE MIB fell 1% to 24,183 points, while in Spain the IBEX 35 fell slightly by 0.3% to 8,720 points.
In London, the FTSE 100 remains closed due to the holiday for the platinum Jubilee of Queen Elizabeth.
In general, the investment mood appeared stronger worldwide after the mini rally of the indices in the USA yesterday, with upward trends in the morning and in the Asian stock markets amid mixed signs for the investors, such as the rise of energy prices and the easing of restrictions on the 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, with European indices falling to a one-day low.
In other developments monitored by investors, OPEC and its allies (OPEC +) decided yesterday to increase oil production at a faster pace than expected over the next two months, amid strong pressures on the energy markets. of Russia in Ukraine.
Crude prices, however, did not appear to be affected by the news, instead they follow an upward trend in the area of ​​$ 118 with gains approaching 1%.
In individual stock movements, Denmark’s Ringkjoebing Landbobank is trading at a profit of 5% after upgrading its estimates for the year.
Car parts maker Faurecia, meanwhile, is down 6.5 percent after announcing a capital increase to acquire its rival Hella.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
