The STOXX 50 and STOXX 600 fell nearly 1% on Friday, driven lower by a stronger-than-expected U.S. jobs report that reinforced the Federal Reserve's cautious stance on future rate cuts.
This, combined with inflation concerns, the ongoing UK debt market crisis, and uncertainty over President-elect Trump's potential tariff policies, weighed heavily on investor sentiment.
Most sectors and bourses were in the red, with utilities and food & beverage stocks dropping 2.3%, while autos were the exception, rising 0.48%. Major companies like LVMH (-0.7%), SAP (-0.9%), and ASML Holding (-1.3%) saw losses, while Novo Nordisk rose by 1.1% and Mercedes-Benz surged over 3.5%.
Source : Trading Economics
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