Stocks on the Continent ended lower, clocking in with some of their steepest weekly losses since August over disappointment on the outlook for prompt passage of US tax reforms.
Oxford Economics senior analyst Nancy Vanden Houten said on Friday that as a result of US local elections on Tuesday the Republican party were beginning to feel a sense of urgency in passing its tax cut package after Democrats picked up a slew of new seats, showing the President's agenda may not be working.
US rental vehicle group Hertz Global posted stronger than expected net profits on Thursday as increased sales and revenue management successfully offset losses from cancelled reservations in those parts of the country which had been hit hard by hurricanes Harvey and Irma.
American department store chain JC Penney reported same-store sales growth that more than doubled analysts' forecasts, sending its stock price surging.
US President Donald Trump has lashed out at unfair trading practices during a key speech at the Asia-Pacific Economic Cooperation summit in Vietnam.
Wall Street's main market gauges were again bathed in red on Friday amid concerns that a possible delay in corporate tax cuts until 2019 could put an end to the recent rally in equity markets.
Consumer sentiment in the US is a little bit weaker at the start of month, although still at lofty levels, even as Americans and analysts ponder the prospect for rising official rates and try and anticipate their potential impact on spending.
Brexit negotiations have seen “some progress” in the latest round of talks, but according to chief EU negotiator Michel Barnier, the UK has only two weeks left to agree to a financial settlement.
US futures pointed to a weaker open on Wall Street on Friday amid concerns that a possible delay in corporate tax cuts until 2019 could put an end to the recent rally in equity markets.
Ride-hailing app Uber will be forced to treat its UK drivers as employees after it failed to win its appeal to a London court on Friday.
Most markets in Asia finished in the red on Friday, taking their lead from Wall Street overnight, which closed lower on the back of tax reform plans from Senate Republicans.
US markets finished lower on Thursday as investors dealt with more earnings news and details on the Senate’s tax bill.