
European stocks pared early morning gains but still closed slightly lower on Friday, ending a volatile week as markets continued to assess the impact of U.S. tariffs on the EU on the European economy. The Eurozone STOXX 50 fell 0.4% to close at 5,451, not too far from a record high hit last week, while the STOXX 600 closed just below the flatline at 557, just below Wednesday's all-time high. Technology stocks led the declines as markets weighed the cautious outlook for the U.S. tech sector and potential tariffs from Washington, with ASML and Infineon down 3-1% and 2.2% respectively. In turn, automakers pared their sell-off from the previous session, with Stellantis up 1%. On the earnings front, BASF jumped more than 1% after delivering upbeat guidance and Saint Gobain jumped 2% after reporting results yesterday. For the month, the STOXX 50 and STOXX 600 both rose 3.2%, outperforming the US index. (Newsmaker23)
Source: Trading economics
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