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Europe close: Stocks slump after ECB sounds more cautious note
European shares finished sharply lower as the European Central Bank sounded a less dovish note and following a sharp drop in US stocks at the open.
Friday preview: US non-farm payrolls, German factory orders in focus
All eyes at the end of the week will be on the US non-farm payrolls report for the month of January.
Governing council 'will not be rushed' into interest rate hikes, ECB chief says
The European Central Bank will not be rushed into interest rate hikes and observers shouldn't overdo it when speculating on possible hikes.
US unit labour costs miss forecasts in Q4, labour productivity beats
Unit labour costs in the US undershot economists' forecasts by a wide margin at the end of 2021 as productivity growth surged.
Merck beats Q4 forecasts amid broad jump in sales
Merck blasted past analysts' estimates for its fourth quarter earnings, helped by sales of its new Covid-19 treatment Molnupiravir.
ECB stays put, PEPP still set to end in March
The European Central Bank kept all its main policy levers at their current settings following Thursday's meeting of its governing council.
Meta shares plummet as Facebook growth stalls, guidance disappoints
Facebook owner Meta Platform's shares looked set to crater after the company reported stagnant user numbers on its main property and issued weaker than expected sales guidance for the current quarter.
Euro area services slowed a bit more quickly than expected in January, survey shows
Services sector activity in the single currency area slowed further at the start of 2022 due to the drag from rising numbers of Omicron cases, the revised results of a closely-followed survey revealed.