April 1, 2023

European stocks fell today, ending the week lower after a series of US economic data heightened fears that central banks will continue to raise interest rates.
The STOXX 600 closed down 1 percent, losing gains made earlier in the session after higher-than-expected US inflation; Which heightened fears that the US central bank will be forced to keep 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 among the losers, with metals prices falling on weak demand in China and a stronger dollar.

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