A blurry bus passes the Bank of England in the City of London on February 7, 2024 in London, England.
Mike Camp | In Pictures | Getty Images
LONDON – European markets opened lower on Friday as investors considered the European Central Bank’s latest interest rate decision.
Pan-European Stoke 600 It was last down 0.57% at 10:43 AM London time.
Almost all sectors were lower, with travel and leisure stocks down 2.64% and mining stocks down 2.28%.
European markets fell back all week, with the Stoxx 600 closing lower for four consecutive days.
The situation is similar around the world; Asia Pacific market The decline followed Wall Street lower on Friday. U.S. stocks ended lower on Thursday, Dow Jones Industrial Average ended a six-day winning streak. U.S. futures were last slightly higher.
The European Central Bank announced on Thursday that it would Keep interest rates stable For now, after cutting them back in June. ECB officials have also said they expect headline inflation to remain above target until next year.
