LONDON—A stagnant German economy and sliding yen overshadowed buoyant tech earnings to send shares lower on Friday, with investors betting that next week’s batch of central bank meetings will point towards a levelling off in interest rates.
Oil headed for a second week of declines after data on Thursday showing the U.S. economy slowing more than expected in the first quarter.
The Japanese yen fell to a nine-year low against the euro after the Bank of Japan left its ultra-easy monetary policy unchanged. The dollar headed for a second straight monthly loss.
Muted global shares were underpinned by Thursday’s tech-led rally on Wall Street, when a strong quarterly report from Facebook parent Meta Platforms Inc. overshadowed concerns over slowing U.S. economic growth….