It was a busy week for the majors. While economic data was skewed to the negative, FED monetary policy and easing concerns over an Evergrande default delivered support.
Investors are focused on whether Evergrande will default as it tackles a debt crisis that has spooked markets.
(Reuters) -European stocks fell on Friday as worries about troubled property developer China Evergrande and weak German business confidence data prompted investors to book some profits after a mid-week rally. European sportswear makers Adidas, Puma and JD Sports fell about 3% each after U.S. rival Nike cut its fiscal 2022 sales expectations and predicted delays during the holiday shopping season due to a supply chain crunch. "Equities have rallied to take a pause early this morning faced with the likely default of Evergrande," said Sebastien Galy, senior macro strategist at Nordea Asset Management.