Stock movements
Close the indicatorStokes 600The European Union fell 1.4 percent, but recorded weekly gains for the second consecutive time.
All major European stock exchanges recorded sharp losses, except for the Spain The main index lost only 0.2 percent.
The stock fell Novo Nordisk 5.4 percent after results from the first phase 2 trial of the Danish drugmaker’s experimental obesity drug monlunabant fell short of market expectations.
The healthcare sector index fell 1.9 percent.
The auto sub-index led the decline among the major sectors of the European index, falling 3.6 percent, weighed down by a 6.8 percent decline in the stock Mercedes Benz lowered its full-year profit margin target for the second time in less than two months.
Shares of other sector rivals, such as Volkswagen whose shares fell 3.4 percent, and the French company Forvia, whose shares lost 8 percent.
Technology stocks fell 2.7 percent, with Dutch chip equipment maker ASML losing 4.2 percent after Morgan Stanley cut its rating on the stock, expecting it to outperform the sector index.
Global stocks rose sharply on Thursday after the Federal Reserve on Wednesday began its monetary easing cycle with a massive 50 basis point interest rate cut.
