Investing.com - European stocks were lower on Friday, as investors eyed a string of economic reports from the euro zone, as well as a second day of talks between European leaders in Brussels.
During European morning trade, the EURO STOXX 50 declined 0.37%, France’s CAC 40 fell 0.28%, while Germany’s DAX 30 slipped 0.22%.
Research group Markit earlier reported that its German flash manufacturing purchasing managers’ index slipped to 59.3 in June from 59.5 the previous month, compared to expectations for a decline to 59.0.
The German services PMI fell to 53.7 from 55.4.
Markit also said its French flash manufacturing PMI rose to 55.0 this month from 53.8 in April, beating expectations for a rise to 54.0.
The French services PMI slipped to 55.3 from 56.9 however.
Separately, European leaders were gearing up for a second day of talks at a European Council meeting on Friday.
The previous day, British Prime Minister Theresa May laid out what she called a "fair deal" for EU citizens living in the U.K., saying that she did not want to split up families or for people to have to leave due to Brexit.
Financial stocks were mixed, as French lenders BNP Paribas (PA:BNPP) and Societe Generale (PA:SOGN) rose 0.29% and 0.72%, while Commerzbank (DE:CBKG) jumped 1.02% and Deutsche Bank (DE:DBKGn) dipped 0.04% in Germany.
Among peripheral lenders, Unicredit (MI:CRDI) fell 0.19% and Intesa Sanpaolo (MI:ISP) gained 0.38% in Italy, while BBVA (MC:BBVA) advanced 0.38% and Banco Santander (MC:SAN) slipped 0.20% in Spain.
Meanwhile, despite a rebound in oil prices, energy stocks were broadly lower. Shares in French oil and gas major Total SA (PA:TOTF) tumbled 0.90% and Italy’s ENI (MI:ENI) dropped 0.81%, while Spanish rival Repsol (MC:REP) declined 0.66%.
In London, commodity-heavy FTSE 100 retreated 0.44%, weighed by Shire PLC, whose shares plummeted 1.66%, erasing the previous session’s sharp gains posted after the company won U.S. approval for Mydayis, a long-acting attention deficit drug aimed at adolescents and adults.
Mining stocks added to losses on the commodity-heavy index. Shares in BHP Billiton (LON:BLT) declined 0.70% and Glencore (LON:GLEN) lost 1.06%, while rival company Antofagasta (LON:ANTO) tumbled 1.61%.
In the financial sector, stocks were also mostly lower as HSBC Holdings (LON:HSBA) edged down 0.17% and Lloyds Banking (LON:LLOY) fell 0.30%, while the Royal Bank of Scotland (LON:RBS) slid 0.36%. Barclays (LON:BARC) overperformed however, with shares up 0.20%.
ITV (LON:ITV) was one of the top performers on the index, as shares rallied 2.43% after the stock was give a buy rating at Liberum Capital.
In the U.S., equity markets pointed to a moderately higher open. The Dow Jones Industrial Average futures pointed to a 0.07% uptick, S&P 500 futures signaled a 0.09% gain, while the Nasdaq 100 futures indicated a 0.17% rise.