economy
European stocks fall as ceasefire optimism fades; Novo jumps after Lilly weight loss pill prescription data
European stock markets finished broadly lower on Friday, as uncertainty over a potential U.S.-Iran peace deal weighs on investor sentiment.
TL;DR
- European stock markets closed lower due to uncertainty over U.S.-Iran peace talks.
- Technology stocks advanced, while mining stocks declined significantly.
- Novo Nordisk shares rose following data suggesting its weight loss pill maintained momentum against competitor Eli Lilly's new drug.
- SAP shares surged after reporting strong operating profits and cloud revenue growth.
- Renault shares fell due to a decrease in first-quarter sales.
- Oil prices edged higher amid ongoing Middle East developments.
- UK retail sales increased in March, while German business climate and French consumer confidence declined.
- Investor focus remains on Middle East developments and a flurry of corporate earnings.