European stock markets closed slightly lower Friday, erasing gains through the morning and previous session. The German DAX closed mostly flat on Friday, down a scant 0.07% and declining 12 points to close at \u20ac16,555.13.<\/p>\n\n\n\n
France\u2019s CAC 40 declined nearly 40 points to close down 0.4% at \u20ac7,371.64. The pan-European STOXX600 closed at \u20ac469.24, down 0.26% and shedding 1.21 points.<\/p>\n\n\n\n
London\u2019s FTSE major equity index saw a scant gain on Friday, closing up 0.04% at \u00a37,461.93, up 2.84 points but still tipping into a six-week low near \u00a37,400.00.<\/p>\n\n\n\n
The Stoxx 600 index provisionally ended 0.3% lower, with major bourses and sectors pointing in opposite directions. Mining stocks led losses, down 1.4%, while technology stocks rose 0.6%. The World Economic Forum in Davos, Switzerland came to a close after drawing a raft of business leaders, politicians, central bankers and campaigners.<\/p>\n\n\n\n
Broadly, the messaging from monetary policymakers has been that good progress has been made on bringing inflation to 2%, but that market pricing for a cut from the European Central Bank as soon as March or April may be premature. This appeared to sour sentiment, as investors pared back bets on a spring cut.<\/p>\n\n\n\n
Attention now fully returns to data releases and corporate earnings updates for the fourth quarter, along with full-year guidance.<\/p>\n\n\n\n
UK retail sales disappointed Friday, coming down by 3.2% in December, significantly more than expected. It was the largest monthly fall since January 2021, when pandemic measures restricted sales, the Office for National Statistics said.<\/p>\n\n\n\n
Stateside, the US Congress passed a bill to prevent a government shutdown, extending crucial funding through to March. US stocks rose on Friday. The technology sector drove a rally Thursday, after Bank of America analysts upgraded their Apple rating to buy.<\/p>\n\n\n\n
Asia-Pacific stocks were also higher, with TSMC surging and Japanese inflation cooling to its lowest level since June 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
European stock markets closed slightly lower Friday, erasing gains through the morning and previous session. The German DAX closed mostly flat on Friday, down a scant 0.07% and declining 12 points to close at \u20ac16,555.13. France\u2019s CAC 40 declined nearly 40 points to close down 0.4% at \u20ac7,371.64. The pan-European STOXX600 closed at \u20ac469.24, down …<\/p>\n","protected":false},"author":13,"featured_media":89410,"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":[6827,49,39,36],"tags":[10860,7272,7930,7592,10861,7462,10859],"class_list":["post-95668","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-asia-pacific-stocks","tag-congress","tag-davos","tag-government-shutdown","tag-japanese-inflation","tag-market-sentiment","tag-uk-retail-sales"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95668","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=95668"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95668\/revisions"}],"predecessor-version":[{"id":95680,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95668\/revisions\/95680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/89410"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=95668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=95668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=95668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}