The pan-European Stoxx 600 ended marginally higher with sectors and major bourses pointing in opposite directions. The European stocks benchmark was little changed on the week.
Basic resources stocks moved higher on Friday after positive earnings reports in the sector. An advance for Chinese steel companies appeared to offset the impact of a trade investigation into China from U.S. President Donald Trump.
Banking stocks also moved higher on Friday as investors prepared for Europe’s heavyweights to report earnings next week. Elsewhere, Trump ordered the Treasury to find and reduce tax burdens and review post-financial crisis reforms into banks and insurance companies.
Looking at individual stocks, Software AG ended at the top of the European benchmark, up by around 8 percent. This followed the company’s latest earnings report which showed an acceleration in its digital business.
Danone was at the opposite end of the index after reporting weak sales figures in the first three months of the year. Its shares were down 2.4 percent on Friday.
Meanwhile, in the U.S., the Dow Jones industrial average and broader S&P 500 index continued under pressure as investors eyed a closely contested four-way race in the French presidential election.