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Europe Markets: European stocks pull lower as banks decline, but weekly rise in sight

European stocks pulled back from their highest in more than a year Friday, with UBS Group PLC shares down following the Swiss lender’s financial update, but the broader market is on track for a weekly advance.

The Stoxx Europe 600 index SXXP, -0.40% shed 0.5% to 365.67, with only the consumer services Q0F, -0.82% and consumer goods Q0A, -0.24% sectors showing gains. But financial, telecom and health care shares were moving lower.

The pan-European index on Thursday closed up 0.3% at 367.50, to mark both a third straight day of gains and its highest close since Dec.

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