European Stocks Swing Lower

2026-06-05 14:58 By Andre Joaquim 1 min. read

European equity indices closed lower on Friday amid the prolonged impasse between the US and Iran and the outlook of higher rates by major central banks.

The Euro STOXX 50 fell 0.4% to 6,080 and the STOXX Europe 600 pared gains to close below the flatline at 623.

The ECB is due to raise its interest rates next week after updated data reflected relatively steady growth in the main Eurozone economies, save for Ireland, which had a swing in flows for multinational companies pressure the bloc's GDP.

In turn, expectations of a Fed hike this year gained ground after amid strong US jobs report and little hopes of a significant recovery in energy prices.

AI infrastructure stocks sank further after the muted outlook for Broadcom triggered a pivot out of the sector.

Infineon, Adyen, and Nokia fell over 7%.

In turn, UniCredit, BBVA, and ING dropped around 1% each.

Both the Euro STOXX 50 and STOXX Europe 600 were due to close the week with muted changes.



News Stream
European Stocks Swing Lower
European equity indices closed lower on Friday amid the prolonged impasse between the US and Iran and the outlook of higher rates by major central banks. The Euro STOXX 50 fell 0.4% to 6,080 and the STOXX Europe 600 pared gains to close below the flatline at 623. The ECB is due to raise its interest rates next week after updated data reflected relatively steady growth in the main Eurozone economies, save for Ireland, which had a swing in flows for multinational companies pressure the bloc's GDP. In turn, expectations of a Fed hike this year gained ground after amid strong US jobs report and little hopes of a significant recovery in energy prices. AI infrastructure stocks sank further after the muted outlook for Broadcom triggered a pivot out of the sector. Infineon, Adyen, and Nokia fell over 7%. In turn, UniCredit, BBVA, and ING dropped around 1% each. Both the Euro STOXX 50 and STOXX Europe 600 were due to close the week with muted changes.
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