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Indonesia News Portal for Traders | Financial & Business Updates

9 November 2024 00:05  |

Europe markets end the week lower with mining stocks leading losses

European markets closed lower on Friday, as investors digested corporate results and quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England.

The pan-European Stoxx 600 ended the session 0.66% lower, with most sectors and major bourses in closing in the red. Mining stocks led the losses, shedding 4.2%, while travel and leisure stocks ticked up 0.8%.

The index ended down 0.19% on the week.

The losses in Europe come as market participants continue to assess political upheaval in Germany and President-elect Donald Trump’s historic victory this week.

Source: CNBC

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