European stocks opened lower on Friday due to increasing skepticism about the U.S. Federal Reserve's potential to cut interest rates in light of robust economic data. This doubt has led to a dampening effect on investor sentiment, causing Europe's benchmark index to experience its lowest weekly performance in over a month, and a slowing rebound in global stocks.
Francois Rimeu, a strategist at Français Asset Management, argues that a slight delay in the anticipated first rate cut does not significantly impact the overall narrative, emphasizing that the U.S. economy remains robust and inflation is essentially under control.
