Stocks drifted lower in Europe for the last trading session of the week, following the overnight bearish trend in Asia, led by the tech sector. Market sentiment is under pressure today after investors received a batch of disappointing news on the corporate front. Even if Snap Inc. may have sparked this decreased appetite for stocks after reporting poor results, market sentiment remains weighed down by the general state of the sector as many tech firms are slowing down on hiring. In Europe, investors must deal with a much more uncertain environment. Yesterday’s surprising move from the ECB which entered its monetary tightening cycle proceeding with a higher-than-expected 50bp rate hike while unveiling its new “Transmission Protection Instrument” (bond buying programme), was received by investors with a degree of scepticism.