European Stocks Flat on Friday, Still on Track for Weekly Gains
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European stocks were flat on Friday, with STOXX 50 and STOXX 600 hovering around the flatline. Personal and household goods sector underperformed, with Adidas and Puma falling. Tech sector faced pressure, while banking stocks traded higher. Investors were digesting the EU’s agreement to issue joint bonds for Ukraine. Both benchmarks are on track for weekly gains, with STOXX 50 up 0.5% and STOXX 600 up 1.2%.
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