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Europe stocks rise but Wall Street falls as tech falters

European stock markets finished higher as investors shrugged off data showing that the eurozone's economy had slowed to 0.2 percent in the first quarter while inflation stayed at record levels.

April 29, 2022 / 10:35 PM IST
Representative Image (Reuters)

Representative Image (Reuters)

European and Asian stock markets rose Friday but Wall Street tumbled following disappointing results from tech giants Amazon, Apple, and Intel.

Investors tracked a slew of economic and corporate news, with Chinese officials hinting they could ease their crackdown on the country's tech sector and data showing the eurozone economy slowed in the first quarter.

Traders are also operating under the shadows of the Ukraine war, China's Covid lockdown, soaring inflation and a looming interest rate hike in the United States next week.

European stock markets finished higher as investors shrugged off data showing that the eurozone's economy had slowed to 0.2 percent in the first quarter while inflation stayed at record levels.