European shares ticked lower on Friday, dragged down by banks, while lingering worries over global growth kept investors on edge before the crucial earnings season in the United States.[FRANKFURT] European shares ticked lower on Friday, dragged down by banks, while lingering worries over global growth kept investors on edge before the crucial earnings season in the United States.
Concern about sluggish global growth were reinforced this week by central banks in the euro zone and United States, which maintained their dovish stances and separately warned of risks to the world economy. UniCredit fell 1 per cent after Italy's biggest bank said it is one of the banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012 as financial crises dragged down banks and several European economies.
Its results dragged rival IG Group's shares down 7 per cent, to the bottom of STOXX 600. CMC Markets shed more than 5 per cent.
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