Major European markets closed in the red on Friday after an initial boost from optimism about interest rates in 2026 was dashed by comments from Chicago Federal Reserve President Austan Goolsbee. Heavy selling in the technology sector also contributed to the late-day slump. Germany’s DAX fell 0.45%, London’s FTSE dropped 0.56%, and France’s CAC 40 slipped 0.21%.

In Germany, Siemens Energy plunged 4.25%, while in London, Metlen Energy tanked 4.16% and in France, Atos skyrocketed 9.97%. Economic news showed the UK economy contracting in October and Germany’s inflation remaining unchanged in November. France’s inflation also held steady in November.

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