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- Strike-hit Boeing leaves experts puzzled by strategy
- NASA launches probe to study if life possible on icy Jupiter moon
- EVs seek to regain sales momentum at Paris Motor Show
- NASA probe Europa Clipper lifts off for Jupiter's icy moon
- 'Unsustainable' housing crisis bedevils Spain's socialist govt
- Stocks shrug off China disappointment but oil slides
- Stocks diverge, oil retreats as China disappoints markets
- Trio wins economics Nobel for work on wealth inequality
- Ex-Stasi officer jailed over 1974 Berlin border killing
- Shanghai stocks gain after stimulus briefing as markets rally
- Shanghai stocks gain after stimulus briefing as Asian markets rally
- Nearly 90, but opera legend Kabaivanska is still calling tune
- With inflation down, ECB eyes faster tempo of rate cuts
- Is life possible on a Jupiter moon? NASA goes to investigate
- Ex-Stasi officer faces verdict over 1974 Berlin border killing
- Role of government, poverty research tipped for economics Nobel
- In milestone, SpaceX 'catches' megarocket booster after test flight
- In a first, SpaceX 'catches' megarocket booster after test flight
- Bangladeshi Hindus shrug off attack worries to celebrate festival
- Ubisoft fears assassin's hit over falling sales
- Vietnam, China hold talks on calming South China Sea tensions
- SpaceX will try to 'catch' giant Starship rocket shortly before landing
- Japan's former empress Michiko discharged after surgery: reports
- Japan's former empress Michiko discharged after surgey: reports
- 'Little Gregory' murder haunts France 40 years on
- Tariffs, tax cuts, energy: What is in Trump's economic plan?
- Amazon wants to be everything to everyone
- Jewish school in Canada hit by gunfire for second time
- With medical report Harris seeks to play health card against Trump
- China-EU EV tariff talks in Brussels end with 'major differences': Beijing
- Buried Nazi past haunts Athens on liberation anniversary
- Harris to release medical report confirming fitness for presidency: campaign
- Nobel prize a timely reminder, Hiroshima locals say
- China offers $325 bn in fiscal stimulus for ailing economy
- Small Quebec company dominates one part of NHL hockey: jerseys
- Boeing to cut 10% of workforce as it sees big Q3 loss
- Want to film in Paris? No sexism allowed
- US, European markets rise as investors weigh rates, earnings
- In Colombia, children trade plastic waste for school supplies
- JPMorgan Chase profits top estimates, bank sees 'resilient' US economy
- Little progress at key meet ahead of COP29 climate summit
- 'Party atmosphere': Skygazers treated to another aurora show
- Kyrgyzstan opens rare probe into glacier destruction
- European Mediterranean states discuss Middle East, migration
- Thunberg leads pro-Palestinian, climate protest in Milan
- Stock markets diverge before China weekend briefing
- EU questions shopping app Temu over illegal products risk
- Han Kang's books sell out in South Korea after Nobel win
- Shanghai markets sink ahead of briefing on mixed day for Asia
Stocks retreat as traders eye more rate hikes
Equity markets declined Friday as traders eyed more interest-rate rises after another week of hikes by central banks to combat elevated inflation.
Oil prices extended heavy losses on concerns high borrowing costs would weigh further on demand.
A keenly-watched survey showed eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production.
The eurozone entered a technical recession at the start of the year.
After leading Asian equity indices closed out the week with some sharp losses, "European stock markets headed lower again to cap a pretty downbeat week", noted Neil Wilson, chief market analyst at Finalto.
"The mood is changing from inflation risk to growth risk."
Optimism that characterised the first half of June -- fuelled by hopes the Federal Reserve was close to the end of its hiking cycle -- has given way to concern that the US central bank still had several more rises planned to bring down stubbornly-high inflation.
The prospect of more US hikes was boosting the dollar Friday.
It comes as the Bank of England on Thursday lifted its key rate more than expected, while Switzerland and Norway also tightened.
That followed hikes last week in the eurozone, Australia and Canada.
Turkey changed course this week by almost doubling borrowing costs after cutting them for two years.
Traders were keeping an eye on Beijing after a hoped-for raft of stimulus measures for the Chinese economy came to nothing.
While China's central bank has cut borrowing costs, there has been very little by way of policy detail from officials.
The yen was stuck around 143 per dollar, a level not seen since November, while it was wallowing at 15-year lows against the euro, as the Bank of Japan refuses to lift rates.
While Japanese inflation remains at multi-decade highs, the BoJ says it is down to temporary factors.
Nevertheless, the central bank is under increasing pressure to tighten monetary policy.
On the corporate front, shares in Siemens Energy plummeted Friday after the company warned that technical problems at its wind turbine unit were worse than thought.
Its stock price plunged by one third after Siemens Gamesa CEO Jochen Eickholt told reporters "the quality problems go well beyond what had been known hitherto".
The company said it was setting aside more than one billion euros ($1.1 billion) to deal with faulty components.
- Key figures around 1100 GMT -
London - FTSE 100: DOWN 0.4 percent at 7,475.32 points
Frankfurt - DAX: DOWN 0.8 percent at 15,862.36
Paris - CAC 40: DOWN 0.3 percent at 7,183.54
EURO STOXX 50: DOWN 0.5 percent at 4,284.84
Tokyo - Nikkei 225: DOWN 1.5 percent at 32,781.54 (close)
Hong Kong - Hang Seng Index: DOWN 1.7 percent at 18,889.97 (close)
Shanghai - Composite: Closed for holiday
New York - Dow: FLAT at 33,946.71 (close)
Euro/dollar: DOWN at $1.0870 from $1.0958 on Thursday
Pound/dollar: DOWN at $1.2717 from $1.2746
Dollar/yen: UP at 143.24 from 143.13 yen
Euro/pound: DOWN at 85.46 pence from 85.94 pence
West Texas Intermediate: DOWN 1.4 percent at $68.51 per barrel
Brent North Sea crude: DOWN 1.4 percent at $73.10 per barrel
Ng.A.Adebayo--CPN