European stocks fall; Mercedes down 3.2% after earnings plummet

European stock markets were lower Friday, rounding off a largely negative week for global stocks as third-quarter earnings season has ramped up.has shed 1.14% in the week to date, and was down another 0.28% by 9:20 a.m. in London. Travel stocks led losses, down 0.71%.for the full year, saying it now expects a double-digit decline rather than a gradual recovery amid weakness in the U.S. and Asia-Pacific.

The company said that within the cars unit,"weaker macroeconomic conditions and fierce competition, mainly in Asia, outweighed improved product availability."European markets are seen opening mixed on Friday, according to IG data. The bid rates in Friday's operation ranged from 1.9% to 2.3%, and the total balance of MLF loans now stands at 6.789 trillion yuan, the central bank said.CNBC Pro: The power sector is 'transforming,' Morgan Stanley says, naming global stocks set to rise 40%

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