BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks fell on Friday while the
dollar climbed after comments from three top Federal Reserve officials suggested
that U.S. interest rates are likely to stay higher for longer.

Mixed activity data from China also weighed on markets. China's industrial
growth accelerated in April, while growth in April retail sales and fixed asset
investment during the January-April period softened unexpectedly, official data
revealed.

The benchmark DAX was down 97 points, or 0.5 percent, at 18,641 after losing 0.7
percent in the previous session.

Eurostat is slated to issue euro area final inflation data for April later in
the day. The flash estimate showed that inflation held steady at 2.4 percent in
April and core inflation slowed to 2.7 percent from 2.9 percent in March.

Earlier today, ECB Vice-President Luis de Guindos said that inflation in the
Eurozone will move near its target of 2 percent in 2025.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX