European stocks opened lower Friday, as investors digested a slew of central bank rate hikes from the region and beyond.
The Stoxx 600 was down 0.2% at market open, with most sectors and major bourses trading in the red.
Food and beverages, healthcare and retail were the only sectors to have made gains, with healthcare up 0.5%.
Oil and gas stocks were the biggest fallers, down 1.26% after the open.
Traders will now be eyeing the euro zone’s S&P Global Purchasing Managers’ Index (PMI) data, due later this morning.
Thursday’s market moves come after the Bank of England hiked rates by 50 basis points Thursday — its seventh consecutive increase, and the Swiss National Bank hiked its benchmark rate to 0.5%, a shift that brings an end to an era of negative rates in Europe.
The U.S. Federal Reserve, meanwhile, hiked by another three-quarters of a percentage point Wednesday, and indicated that the hikes will keep on coming.