European markets were lower on Friday after a rocky start to 2025 for stocks around the world.
The Stoxx 600 was down 0.44% by 3:11 p.m. London time, with major regional bourses and sectors mostly trading in negative territory.
Autos stocks led losses, down 1.97% as they extended Thursday's decline, while travel and leisure stocks shed 1.7%. One of the few sectors to rise was financial services stocks, which were last seen 0.46% higher.
Oil and gas stocks also rose over 1%, led by gains for Finnish oil refiner Neste, which climbed 4.6% and was on course for its best week since October on reports of a series of new airline fuel contracts.
At the other end of the Stoxx 600, Stellantis
was down 4.2% after the Italian carmaker reported a 45.7% reduction in car production in 2024 — its lowest output since 1956, according to Reuters news agency.
U.S. stocks opened higher following a choppy start to 2025 which marked the fifth consecutive session of declines for the S&P 500 and Nasdaq Composite.
Asia-Pacific markets were mixed overnight, with Chinese stocks extending declines as investors assessed policy signals from Beijing, while Hong Kong's Hang Seng index and South Korean markets were both in positive territory.(Cay) Newsmaker23
Source: CNBC
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