European Stocks Finish Lower on Negative Data

European stocks finished lower on Friday, after PMI data showed a decline in economic expansion in the Eurozone, reflecting challenges in the road to recovery from the impacts of the COVID-19 crisis.

The Stoxx Europe 600 index closed lower by 0.21%, increasing its weekly losses to 0.9%.

Meanwhile, the UK’s FTSE 100 decreased by 0.19%, while the French index CAC40 settled lower by 0.30%.

The German DAX also closed lower, losing 0.51%.