European shares slid in thin summer trading on Friday as travel stocks slumped after Britain added more countries to its quarantine list, while weak data from across the globe raised doubts over the pace of economic recovery from the coronavirus crisis.
European stocks broke a four-day winning streak on Thursday as ex-dividend trading and a stronger pound hit the UK's blue-chip companies, while investors sold off banks and energy stocks that have outperformed this week.
European stocks rallied on Wednesday as a billion-dollar takeover offer for Swiss firm Sunrise Communications boosted the telecom sector and investors looked past a collapse in Britain's quarterly economic output to bet on a stimulus-driven recovery.
European stocks hit a near three-week high on Tuesday, as U.S. stimulus bets and encouraging data out of China and Germany galvanised growth-linked cyclical sectors like travel and leisure, banking and automakers.
European shares closed slightly higher on Monday as growth-sensitive cyclical stocks got a boost from improving economic data out of China, but renewed U.S.-China tensions hit technology shares.
European shares closed higher on Friday, marking weekly gains as investors focused on a broadly supportive earnings season and improving economic data in Europe rather than rising U.S.-China tensions.
European equities declined on Thursday as London stocks were sapped after Glencore scrapped its dividend and oil stocks slid, while investors kept a close eye on Washington for progress on U.S. stimulus.