Europe shares pop 2 weeks of gains
A 3D printed oil pump jack is seen in front of displayed stock graph and "Oil Stocks" words in this illustration picture, April 14, 2020. REUTERS
European shares fell on Friday after a stronger-than-expected US jobs report ramped up bets of another 75-basis-point rate hike by the Federal Reserve next month, while fears of a darkening growth outlook pushed shares towards weekly losses. The pan-European Stoxx 600 was down 0.8%, extending losses from earlier in the day after US non-farm payrolls were shown to increase by 528,000 jobs last month, the largest gain since February. The benchmark has lost 0.6% this week, snapping two weeks in positive territory, on worries over dour economic data from the region.
Published in The Express Tribune, August 6th, 2022.
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