Banks, resource firms lead Europe stocks lower

Posted by Forexsq 1097 days ago (
img Banks and resource firms led European stock markets to losses on Friday, after strong rallies earlier in the week, with an upbeat reading on the German business climate failing to push markets into positive territory.

The Stoxx Europe 600 index fell 0.2% to 271.26, after four days of gains.

Shares of Outotec Oyj FI:OTE1V +6.15% jumped 7.4% after the Finnish metals-processing firm lifted its services-sales target to grow to an annual level of 1 billion euros ($1.29 billion) by the end of 2017 from a previous target of €500 million by the end of 2015.

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