From New Age Media Limited:

European equities rose while US shares slipped Friday as hopes for multiple interest rate cuts by the Federal Reserve waned. Paris and Frankfurt were higher but below Thursday peaks. Oil and bitcoin saw profit-taking after recent highs. Wall Street fell on news of higher US wholesale prices. Analysts believe a market pullback is overdue. Next week, markets will focus on the Fed’s monetary policy meeting. Data showing rising inflation cooled investors’ risk appetite, tempering expectations for quick rate cuts. Fed officials are expected to maintain rates but closely monitor inflation trends. European markets outpaced Wall Street on expectations of summer rate cuts by the European Central Bank. Vodafone shares rose after selling its Italian unit for 8 billion euros. Bitcoin saw a pullback after reaching an all-time high of $73,797. Oil prices rose sharply Thursday but retreated Friday due to market tightness concerns.



Read more at New Age Media Limited: US stocks decrease on inflation concerns, European equities rise