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STOXX SLIPS, ON TRACK FOR BIGGEST WEEKLY FALL SINCE APRIL 2025
Europe's STOXX 600 .STOXX is trading down 0.3%, having quickly erased earlier gains and is firmly on track to clock its biggest weekly drop since April last year as the conflict in the Middle East continues to roil markets.
Aersopace and defence stocks though are staging a comeback after heavy selling in the previous session, with a basket of names up 1.2% .SXPARO and the best off sector.
On the flipside, healthcare stocks .SXDP are sinking 1%.
Germany's Zealand Pharma ZELA.CO is plunging 31.9% after mid-stage trial results for obesity drug petrelintide fell short of investor expectations.
Elsewhere, German chemicals company LANXESS LXSG.DE are down 11.2% after news that Advnet HoldCo will not take over the German speciality chemicals maker's shares in Envalior in 2026.
Sweden-based technology company Sectra SECTb.ST is up 13.3% after Q3 results at the top of the STOXX 600, while ITV .ITV.L is topping the FTSE 100, up 4.8%.
(Lucy Raitano)
FOR FRIDAY'S OTHER LIVE MARKETS POSTS:
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