European Stocks Close Out Week Lower in Friday Trading; Annual Inflation Rises in Italy
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European stock markets closed lower on Friday, with the Stoxx Europe down 0.12%. Inflation in Germany rose by 2.2% in 2025, while Italy saw a 1.2% annual increase in December. Novo Nordisk's Wegovy received UK approval for obesity treatment, boosting its shares by over 6%. HSBC is reviewing its Singapore insurance business. Defense stocks rose due to geopolitical tensions, while luxury and automotive stocks fell, with Kering and Renault dropping significantly. Overall, the market reflects mixed sentiments amid inflation concerns and corporate developments.
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