European stocks traded lower Friday as trade fears ratcheted up, while Brexit talks between the U.K. Conservative government and main opposition Labour Party broke down.
The pan-European STOXX 600 was down 0.34% in trade, autos leading the losses with a fall just shy of 1%. The notable contributor to auto losses was BMW, which saw its shares slip 5.2%.
The day’s biggest loser was British tour operator Thomas Cook, which saw its shares plummet almost 40%, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. Citigroup analysts downgraded the company’s stock to “sell” after its latest profit warning Thursday and cut its target price to zero.
Source : CNBC