European stocks head for sharp weekly decline, Apple suppliers drop

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European stocks opened lower on Friday, putting them on track for their sharpest weekly decline since a brutal selloff in March, as a new round of coronavirus lockdowns weighed on economic growth expectations.

fell between 0.6% and 1.6% after the late launch of new 5G iPhones caused customers to put off buying new devices.fell 4.0% after it unveiled a 1.

05 billion-euro quarterly operating loss and warned of worse to come as a resurgent coronavirus brings new travel curbs.rose 3.9% after improved full-year earnings forecast.fell 0.6% by 0814 GMT, on course for a more than 6% weekly loss in what could be its worst such decline since an 18% plunge in mid-March.

 

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