Europe Markets: European stocks fail to hold gains and book biggest weekly decline in 8 months

European equities on Friday finished the day lower as a rally faltered, helping to cement the sharpest weekly drop from the most of the main eurozone benchmarks since February. For Italy’s stock index it was the worst week in about two years.

How are the indexes performing?

The pan-European Stoxx 600 index SXXP, -0.19% gave back its initial gains to close down 0.2% to 358.95, pushing the gauge to its worst week since Feb. 9, with a weekly drop of 4.6%, according to Dow Jones Market Data.

London’s FTSE 100 stock index UKX, -0.16% closed down 0.2% to 6,995.91, also marking its steepest weekly drop since February, while France’s CAC 40 stock index PX1, -0.20% fell 0.2% to 5,095.98m and the German DAX DAX, -0.13% slipped 0.1% to 11,523.81.

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