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🌎EUROPEAN STOCK MARKETS CLOSE LOWER

🌎EUROPEAN STOCK MARKETS CLOSE LOWER

Day: 9 | Time: 11:20:20 European stock markets closed lower due to a series of disappointing corporate announcements. Investors were also awaiting statements from Jerome Powell, the chairman of the Federal Reserve, for further hints on interest rate policy. Additionally, investors were awaiting comments from Piero Cipollone, a member of the European Central Bank's council, for future guidance. Overall, the European STOXX 600 fell 0.1%. Specifically, the German DAX lost 0.3% and the French CAC 40 fell 0.4%. The UK's FTSE 100 rose 0.2% following an announcement by British Finance Minister Rachel Reeves, who presented plans to unlock infrastructure projects and private investments to stimulate economic growth. Some companies, such as Saint-Gobain, Dassault Systemes, PageGroup, BP, and Indivior, announced disappointing results that impacted the stock market.