FX.co ★ European Stocks Fall, Travel Stocks Weigh

On Friday, the STOXX 50 index experienced a decrease of 0.5%, with the STOXX 600 also declining by 0.3%, extending the downturn from the prior session amid persistent concerns regarding the economic outlook that continued to impact investor sentiment. The United States is preparing to implement reciprocal tariffs on April 2, while the European Union's countermeasures are postponed until mid-April. Among the hardest hit were travel and leisure stocks, following the closure of London's Heathrow Airport due to a power outage linked to a fire at a nearby electrical substation. Ryanair, EasyJet, and IAG saw declines of 1.1%, 2.2%, and 3.3% respectively. Meanwhile, attention is focused on Germany's upper house, which is set to vote on the debt brake amendment that has already passed the lower house. Despite the decline on Friday, for the week, the STOXX 50 is down by 0.9%, whereas the STOXX 600 has achieved nearly a 1% increase thus far.