European stocks closed mostly lower on Friday as markets continued to assess the latest corporate earnings while awaiting updates in trade relations between the EU and the US. The STOXX 50 inched higher to 5,360 and the STOXX 600 fell 0.3% to 550, weighed by the heavier industrial and healthcare sectors.
Schneider Electric and Airbus dropped over 1% each ahead of their earnings next week, setting he negative stage for industrial giants.
Also, ASML and Nokia dropped around 1.5% each, with the latter continuing to drop after its pessimistic report this week.
On the other hand, LVMH surged 4% after posting its results and Volkswagen surged 4% despite the negative outlook in its call, lifting the broader luxury and auto sectors.
The EU and US are expected to announce updates on their trade next week ahead of the deadline for 30% US tariffs to be implemented on EU goods by Friday.