LONDON: European stock markets were mostly lower on Monday (Jul 8) on investor disappointment over the fading prospects of substantial cuts in US ...
LONDON: European stock markets were mostly lower on Monday on investor disappointment over the fading prospects of substantial cuts in US interest rates following better-than-expected jobs data last week, traders said.
"Global equities are quietly softer across the board on softer-than-expected German data, follow-through on Friday's falling Fed rate cut blues, and a plethora of regional stories that added to the risk-off tone," said OANDA analyst Edward Moya. "The Turkish lira is sliding once again amid renewed concerns that Erdogan is ruining the nation's economy, just as inflation was starting to ease back," said Forex.com analyst, Fawad Nazagzada.
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