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European markets close flat as Brussels looks to reduce tensions with Italy


Saturday, 20 October 2018 00:15 WIB

EropaIndeks Stoxx Europe 600Saham Eropa


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European stocks pared earlier losses on Friday after Europe's economy commissioner said no decision had yet been taken on Italy's controversial budget plan.

The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday's closing bell rang.

In terms of country performance, the FTSE 100 in the U.K., the Swiss SMI, Spain's IBEX were all higher, while France's CAC 40, Germany's DAX and Italy's FTSE MIB pared losses but finished lower.

Auto stocks was the worst-performing sector amid corporate news. Michelin fell 11.28 percent, its worst day in seven years, after announcing lower full-year forecasts.

CNBC


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