European Stocks Fall as Iran War Sparks Back-to-Back Weekly Loss
The headquarters of Euronext NV in the La Defense business district of Paris.
Photographer: Benjamin Girette/BloombergEuropean stocks whipsawed on Friday, ultimately ending the week lower, as oil prices moved back above $100 a barrel and traders reduced risk ahead of the weekend.
The Stoxx Europe 600 closed 0.5% lower, notching the index’s first back-to-back weekly declines this year. Energy and utilities shone, rising by more than 1%, while energy-intensive cyclicals such as miners and industrials underperformed.