Getty ImagesEuropean shares fell for a third straight session on Friday and was set to end the week lower, as the escalating Russia-Ukraine conflict kept investors cautious heading into the weekend.
Declines in financial and technology stocks countered gains in basic and defensive sectors, leaving the pan-European STOXX 600 index 0.2% lower.
On the week, STOXX 600 was set close about 0.4% lower, as lofty energy prices from sanctions on Russia fanned inflation fears and stoked worries about slowing economic growth.
The West imposed more sanctions on Russia on Thursday, and Washington was planning a response in the event that Moscow uses nuclear weapons.
Shares of Telecom Italia jumped 5.9%, extending gains after KKR said it remains interested in taking over the phone group.
Declines in financial and technology stocks countered gains in basic and defensive sectors, leaving the pan-European STOXX 600 index 0.2% lower.
On the week, STOXX 600 was set close about 0.4% lower, as lofty energy prices from sanctions on Russia fanned inflation fears and stoked worries about slowing economic growth.
The West imposed more sanctions on Russia on Thursday, and Washington was planning a response in the event that Moscow uses nuclear weapons.
Shares of Telecom Italia jumped 5.9%, extending gains after KKR said it remains interested in taking over the phone group.
Pick the best companies to invest
BECOME AN ETPRIME MEMBERRead More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by