15 Nov 2025 | 5 Mins Read
European stocks decline on waning US rate cut hopes
Flipitmoney
European shares fell 1% on Friday as hawkish US comments dampened expectations of an imminent interest rate cut. Banks dropped 2.4% and tech stocks fell 1.4%. Luxury stocks Richemont and luxury sector surged 5.9% and 1.4% respectively, due to strong quarterly sales. The UK's FTSE 100 lost 1.1% due to spiked gilt yields. Key data showed the euro zone economy expanded modestly in Q3.