European stocks and US futures fell at the open on Friday as investors took profits following a rally in technology stocks, while inflation data stirred concerns that eurozone interest rates would have to increase further to stave off price rises.
The pan-European Stoxx 600 was down 0.3 per cent while Germany’s Dax dropped 0.4 per cent.
France’s CAC 40, up 13 per cent in the year to date, lost 0.7 per cent as French inflation accelerated more than economists expected in April, ramping up pressure on the European Central Bank to maintain the pace of interest rate rises when it meets next week.
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