MARKET UPDATE

European Stocks Down, Travel Shares Weakened

The STOXX 50 fell 0.5%, and the STOXX 600 dropped 0.3% on Friday, extending losses from the previous session as concerns over the economic outlook continued to weigh on investor sentiment. The U.S. is set to impose retaliatory tariffs on April 2, while the European Union's retaliatory measures have been delayed until mid-April. Travel and leisure shares were among the worst performers after London's Heathrow Airport was forced to close Friday due to a power outage caused by a fire at a nearby electrical substation. Meanwhile, traders were closely watching a vote by Germany's upper house on debt-tightening amendments, which have already been approved by the lower house. Despite Friday's declines, the STOXX 50 is down 0.9% for the week, while the STOXX 600 has gained nearly 1% so far. (Newsmaker23)

Source: Trading Economics

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