"The US has ratcheted up pressure on China on several fronts and has sapped risk appetite ahead of the weekend," said Marc Chandler, managing director at Bannockburn Global Forex.
Cyclical sectors such as miners, travel & leisure and automakers have outperformed this week, helping the Stoxx 600 post its best week since April 10 on hopes that easing of coronavirus-driven lockdowns will spur a swifter economic recovery.
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