KONTAN.CO.ID - LONDON. Early gains in European stocks faded on Friday, with the benchmark STOXX 600 heading for its eighth consecutive session of losses as investors grew nervous over the trajectory of U.S. interest rates and the outlook for the European economy. The pan-European STOXX 600 index fell 0.6%, putting it on course for its longest run of losses since November 2016. Equity markets globally have come under pressure this week after upbeat U.S. economic data fuelled expectations of interest rates staying higher for longer, while weak data from Europe and China raised concerns about the health of the global economy.
European Stocks Head Towards Longest Losing Run Since 2016
KONTAN.CO.ID - LONDON. Early gains in European stocks faded on Friday, with the benchmark STOXX 600 heading for its eighth consecutive session of losses as investors grew nervous over the trajectory of U.S. interest rates and the outlook for the European economy. The pan-European STOXX 600 index fell 0.6%, putting it on course for its longest run of losses since November 2016. Equity markets globally have come under pressure this week after upbeat U.S. economic data fuelled expectations of interest rates staying higher for longer, while weak data from Europe and China raised concerns about the health of the global economy.