Saham Eropa Meluncur Akibat Inflasi Zona Euro yang Naik; JD Sports Anjlok 7,1%

CNBC Live European Market Update

Stoxx 600 Dip, Tech Surge in Asia Pacific

European stocks opened slightly lower on Friday, with the Stoxx 600 index inching down 0.06%. Despite this decline, the telecoms sector gained 0.8%, while travel and leisure stocks fell 2.4%. Investors closely watch inflation data due later in the session, which could influence the path of monetary policy.

Global Stock Gloom Contagious, Bond Yields Rise

The European equity market has reflected global sentiment this week, with expectations of prolonged higher interest rates pushing bond yields up. This has generally weighed on stocks, leading to declines in most major markets. However, the Asia Pacific region has shown some resilience, with markets rising on the back of positive economic data.

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Italy's Economy Expands, JD Sports Plunges

In the first quarter of 2023, Italy's economy grew 0.3%, meeting expectations. On an annual basis, GDP was up 0.7%. Meanwhile, shares of British retailer JD Sports plummeted 12.4% after reporting a 6.4% drop in like-for-like first-quarter UK sales.

European Markets Set for Lower Opening

According to IG data, European stock markets are expected to open lower on Friday, erasing gains from Thursday's close. Key indices projected to decline include the FTSE 100, DAX 48, CAC, and MIB. Investors await the release of inflation data later in the day, which could impact sentiment in the markets.