European stocks retreated on Friday from multi-month highs hit during the previous session, as investors digested a mixed batch of corporate earnings reports and bond yields rose after the Bank of Japan adjusted monetary policy.<\/p>\n\n\n\n
And by 0716 GMT, the pan-European STOXX 600 index was down 0.3%, having closed on Thursday at its highest level in a year and a half after the European Central Bank raised interest rates as expected but indicated it might stop raising them in September.<\/p>\n\n\n\n
European government bond yields rose to match the gains in Japanese bond yields.<\/p>\n\n\n\n
Capgemini shares fell 7.5 percent after the French information technology consultancy group said it would invest 2 billion euros ($2.19 billion) in artificial intelligence over three years.<\/p>\n\n\n\n
French pharmaceutical company Sanofi fell 2.5 percent, although it raised its profit forecast.<\/p>\n\n\n\n
But AMS Osram rose 12.5 percent after the Austrian sensor maker presented a reorganization strategy and reported second-quarter results that were in line with its expectations.<\/p>\n\n\n\n
Hermes rose 3.8 percent as sales increased in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stocks retreated on Friday from multi-month highs hit during the previous session, as investors digested a mixed batch of corporate earnings reports and bond yields rose after the Bank of Japan adjusted monetary policy. And by 0716 GMT, the pan-European STOXX 600 index was down 0.3%, having closed on Thursday at its highest level …<\/p>\n","protected":false},"author":9,"featured_media":62193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-87111","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=87111"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87111\/revisions"}],"predecessor-version":[{"id":87112,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87111\/revisions\/87112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62193"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}