By Investors Hub
European stocks have fallen for a fifth consecutive session on Friday as the U.S. government bond sell-off continued on optimism over global growth and rising expectations of inflation.
On a day of light economic news, survey results from IHS Markit revealed that British construction activity expanded at the slowest pace in four months in January.
While the U.K.?s FTSE 100 Index has fallen by 0.3 percent, the French CAC 40 Index and the German DAX Index are tumbling by 1.2 percent and 1.4 percent, respectively.
Deutsche Bank shares have fallen sharply after the German bank posted a net loss of 2.2 billion euros ($2.75 billion) in the fourth quarter of 2017, hurt by lower trading revenues and one-off charges.
Spanish bank Caixa Bank has also moved lower on disappointing quarterly results. British telecom giant BT Group has tumbled after reporting a drop in quarterly revenue and earnings.
On the other hand, oil industry engineer Wood Group has jumped after saying it would book a one-off cash credit for the 2017 calendar year as a result of recent U.S. tax changes.
Troubled doorstep lender Provident Financial has also rallied after naming a new CEO. Capita shares have rebounded on bargain hunting after tumbling to a 20-year low on Thursday.
