© Archyde.com. Screens display data from the German DAX index at the Frankfurt Stock Exchange on Friday. Photo by Archyde.com.
(Archyde.com) – European stocks fell on Friday, ending the week lower, after a slew of US economic data fueled fears that central banks will continue to raise interest rates.
The index closed down 1 percent, giving up gains made earlier in the session after higher-than-expected inflation in the United States, fueling fears that the US central bank will have to continue raising interest rates for a longer period in the world’s largest economy.
The European index ended the week down 1.4 percent, with mining stocks leading the losers, with metal prices falling in light of weak demand in China and rising prices.
(Prepared by Mahmoud Abdel-Gawad for the Arabic Bulletin)