European markets lower after snapping nine-day winning streak; Richemont up 6.3%

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European markets lower after snapping nine-day winning streak; Richemont up 6.3%
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European markets opened lower Friday after shares snapped a nine-day winning streak in the previous session.

European markets were lower Friday after shares snapped a nine-day winning streak in the previous session as earnings weighed on positive sentiment.was down 0.1% in early deals, with sectors trading in mixed territory. Tech stocks fell 0.8%, while household goods added 0.5%.climbed 6.3% after the Swiss luxury goods firm said full-year sales rose 3% to an all-time high even as fourth-quarter sales were dragged lower by weaker demand in Asia-Pacific.

ECB board member reportedly cautions against back-to-back rate cuts, cites ‘risk of easing prematurely' In a separate statement, the company announced Nicolas Bos, CEO of Van Cleef & Arpels, as its new group CEO, effective June 1.CNBC Pro: BofA names 'Asia's most important stocks' — and analysts give one over 40% upside

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