From Nasdaq: 2024-04-19 05:20:32

European stocks fell on Friday due to tensions in the Middle East and hawkish comments from Federal Reserve officials. Expectations for a rate cut were scaled back, with most predicting a cut in September. Germany’s producer prices declined at a slower pace in March, while U.K. retail sales remained unchanged, falling short of expectations. The STOXX 600 dropped 0.7%, with the DAX, CAC 40, and FTSE 100 all seeing declines. Sodexo SA rose despite posting a net loss, while Schneider Electric SA fell. Man Group shares slumped 5%, and 888 Holdings rallied 3% after backing its full-year targets.



Read more at Nasdaq: European Shares Edge Lower As Israel Retaliates Against Iran