European Shares Mixed As Euro Extends Gains On Hawkish ECB Comments
European stocks traded mixed on Friday, a day after the minutes of the European Central Bank meeting struck a hawkish tone indicating that rates would need to rise further to curb inflation.
The euro rose for the fourth straight day against the dollar after ECB's Executive Board member Isabel Schnabel said that incoming data so far suggest that the room for slowing down the pace of rate adjustments remains limited.
Investors also fretted about rising COVID-19 cases in China, with the country logging a record high increase in daily infections.
The pan European STOXX 600 was down 0.2 percent at 440.11 after rising half a percent to hit a fresh three-month high on Thursday on signs that the U.S. Federal Reserve could temper its pace of rate hikes.
The German DAX slipped 0.1 percent and France's CAC 40 index was marginally lower while the U.K.'s FTSE 100 inched up 0.2 percent.
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