French, German Stocks Fall as UK Equities Close Flat

By Investors Hub

European stocks are flat to slightly lower on Friday as the dollar index eased from its 2018 high against a basket of six global currencies and oil prices also dipped from recent highs on expectations that alternative supplies could replace a looming drop in Iranian exports.

While the U.K.?s FTSE 100 Index is just above the unchanged line, the French CAC 40 Index and the German DAX Index are both down by 0.3 percent.

Sika shares have jumped after the Swiss chemicals company agreed to end a long-standing legal dispute with French building materials firm Saint-Gobain.

Air France KLM has also rallied in Paris after unveiling April traffic figures. Wood Group has soared in London after the energy services group said it has seen good trading momentum across its business in the first quarter.