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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Europe close: Stocks end turbulent weak down

(Sharecast News) - European shares were mostly lower on Friday as investors digested a week of policy decisions from central bankers amid the turmoil of US President Donald Trump's erratic trade measures, while airline stocks were down after a substation fire closed London's Heathrow airport. The Stoxx 600 index was down 0.60% at 549.67, with Germany's DAX off 0.47% to 22,891.68 and France's CAC-40 0.63% lower to 8,042.95.

Spain's Ibex 35 was the main exception, notching up a gain of 0.33% to 13,350.20.

Switzerland's national bank cut rates by 25 basis points on Thursday, while the Bank of England and Sweden's Riksbank held steady.

On Wednesday the US Federal Reserve also kept its key interest rate unchanged as policy makers cut their 2025 economic growth forecast for the world's biggest economy, noting trade tariffs would add to inflationary pressure.

In equity news, shares in British Airways owner IAG fell after Heathrow airport was forced to close all day due to a fire at a nearby electricity substation, hitting more than 1,000 flights. The news also affected shares in easyJet, Lufthansa and Air France-KLM.

Lubricant maker Fuchs slumped after the current year earnings forecast disappointed analysts.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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