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European shares slip, post worst year since 2018

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Bansari Mayur Kamdar this1000 Stoke 11

Trading was light on Friday, down 0.5 %, spiked due to COVID-

case China raises concerns about global economic growth. The regional index is expected to close at the end of the year .2% down since

WORST PERFORMANCE. Chinese luxury companies such as LVMH and Hermes International (OTC: 600HESAF) down 1.0% and 1.9%.

industrials and banks weighed on the index, while technology stocks fell 0.9%, giving back some of the previous session’s gains. Rate-sensitive tech stocks followed gains on Wall Street peers on Thursday as U.S. jobless data suggested the Fed was aggressive in raising interest rates Higher interest rates may have begun to weaken the strength of the labor market. [.N]

Tech stocks have been among the worst performers this year, down %,main Central banks are raising interest rates around the world.

The European Central Bank slowed the pace of rate hikes earlier this month, but emphasized that policy tightening is still ahead A scheme to drain cash from the financial system.

“This is the beginning of a new era in which central banks will play a weaker role in the market and the liquidity that can be used to solve problems Will reduce – a Swissquote Bank senior analyst Ipek Ozkardeskaya said: ” Given that there is still a lot of cheap central bank liquidity waiting to be pulled back, the situation may not get better until it gets worse in the first quarter of next year. ”

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