European Stocks Slide as Oil Stays Above $100 on Iran Conflict; Stoxx 600 Heads for Second Weekly Loss
European shares fell Friday, with the STOXX 600 down 0.5% as oil stayed above $100 a barrel and Iran-related conflict rattled markets. Banks dropped 1.9%, while energy stocks rose. Euro zone industrial output fell 1.5% in January, and UK GDP was flat. Traders shifted from expecting ECB rate cuts to pricing in possible hikes by year-end.