European markets opened lower Friday as investors digest the European Central Bank’s latest rate cut decision.
European markets opened lower Friday as investors reacted to disappointing data prints from two of the region's largest economies.by 25 basis points, marking its fourth and final rate cut of the year. Policymakers also signaled the possibility of more reductions in 2025.on Thursday by a larger than anticipated 50 basis points, while Denmark's central bank announced a 25 basis point reduction.
European stocks opened lower on Friday, on the back of disappointing data prints from the U.K. and Germany. London's FTSE 100 index rose 0.1% shortly after the opening bell and Germany's DAX also edged slightly higher.The U.K. economy contracted unexpectedly in October, according to data from Britain's Office for National Statistics .CNBC Pro: Want to cash in on the emerging market boom? Here are 2 of HSBC's 'best stock ideas' with over 50% upside potential
HSBC is sticking to its"cautiously constructive" stance on them in 2025, as U.S. President-elect Donald Trump prepares to return to office in January.
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