Equities in Europe lost ground Friday, as energy shares extended losses in what’s been a dreadful week for oil prices, while investors assessed mixed signals about the eurozone economy.
European bourses were under pressure during mid-morning trade on Friday, as investors focused on developments from the EU Summit in Brussels.
Another wobble in commodity-related shares saw British blue chips extend their underperformance against continental European peers on Friday, a year on from Britain's vote to leave the European Union. Britain's FTSE 100 fell 0.3 percent to 7,413.33 points, weighed down by weakness in mining and oil stocks, as well as in shares of large-cap dollar earners. While stocks have recovered sharply from their slump in the immediate aftermath, in U.S. dollar terms, British stocks continue to lag peers in Europe and elsewhere as a cloudy outlook for sterling dented appetite among foreign investors.