European equity close: Weak trading on Friday erases the weekly gain

<p>Daily changes:</p><ul><li>Stoxx 600 -1.0%</li><li>German DAX -0.8%</li><li>UK FTSE 100 -1.3%</li><li>French CAC -1.0%</li><li>Italy MIB -0.4%</li><li>Spain IBEX -0.4%</li></ul><p>There has been a real divergence in US and European stocks this week. Weekly changes:</p><ul><li>Stoxx 600 -0.2%</li><li>German DAX +0.3%</li><li>UK FTSE 100 -0.8%</li><li>French CAC flat</li><li>Italy MIB -0.5%</li><li>Spain IBEX +0.8%</li></ul><p>Last week's bounce in European equities looked like it would continue after new highs yesterday but all the gains were erased today.</p>

This article was written by Adam Button at www.forexlive.com.