An Hour Ago
Europe stocks open lower
European stock markets opened in the red on Friday, with the Stoxx 600 index down by 0.8% at 8:30 a.m. in London.
Major bourses were lower, with Germany’s DAX down 1.1%, France’s CAC 40 down 0.86% and the U.K.’s FTSE 100 down 0.6%.
See Chart…
Stoxx 600 index.
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ECB should cut interest rates in June, policymaker says
The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to policymaker François Villeroy de Galhau.
“The question is the next Governing Council which will be early June … and here barring a major surprise we should cut rates because we are now confident enough and increasingly confident about the disinflationary path in the euro area,” Bank of France Governor Villeroy told CNBC’s Karen Tso on Thursday.
— Sam Meredith
