European stocks fell Friday, with losses for auto makers putting
pressure on the region’s benchmark as it veered toward a weekly decline.
The Stoxx Europe 600 SXXP, -0.65% lost 0.7% to 340.70. No sector traded higher. The pan-European index on Thursday closed up 0.7%, the first higher close after four sessions of declines.
But the index was back in the red on Friday, on track to post a weekly fall of 1.6%. That would mark its second weekly decline in three weeks.
Autos: BMW AG shares BMW, -2.48% fell 2.8% as Goldman Sachs downgraded its rating to neutral from buy as part of the bank’s review of the auto industry.
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The Stoxx Europe 600 SXXP, -0.65% lost 0.7% to 340.70. No sector traded higher. The pan-European index on Thursday closed up 0.7%, the first higher close after four sessions of declines.
But the index was back in the red on Friday, on track to post a weekly fall of 1.6%. That would mark its second weekly decline in three weeks.
Autos: BMW AG shares BMW, -2.48% fell 2.8% as Goldman Sachs downgraded its rating to neutral from buy as part of the bank’s review of the auto industry.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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