Continent-wide Stoxx 600 closes 0.1 per cent lower
European stocks closed lower on Friday, but off their over one-month intraday low, as anxiety around escalating Middle East tensions seemed to ease, while French cosmetic giant L’Oreal logged its best day since early January after robust results.
Explosions echoed over an Iranian city in what sources described as an Israeli attack, but Tehran played down the incident and indicated it had no plans for retaliation – a response that appeared gauged towards averting region-wide war. With markets gearing up for the full volley of corporate reports in the weeks to follow, first-quarter earnings are expected to have decreased 12.1 per cent year-on-year, LSEG data showed on Tuesday.shed 4.1 per cent after its second biggest shareholder Geely Holding sold part of its stake in the Swedish truck maker.
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