European stock market open: Stocks slip as investors take a breather after post-Fed rebound

European stocks opened slightly lower on Friday as investors digested the Bank of Japan’s rate hike and the strong rebound from Thursday’s post-Fed rally. The pullback looked measured rather than a broad risk-off move, with Eurostoxx down 0.2%, Germany’s DAX down 0.4%, France’s CAC 40 down 0.4%, the UK’s FTSE down 0.3%, Spain’s IBEX down 0.4% and Italy’s FTSE MIB down 0.3%. Shares had jumped the prior session as falling oil prices and easing bond yields helped markets absorb the Fed decision. Today, attention focused on the BOJ raising its policy rate 25 bps to 1.25%—a 7-2 vote with two dissenters—pushing USD/JPY back toward 157.