Most European indices declined at the start of trading on Friday, as investors assessed data from the eurozone's largest economies, amid markets' ongoing monitoring of the EU-US trade agreement.
The pan-European STOXX Europe 600 index fell 0.15% to 558 points, with losses limited by a 1.7% rise in defense stocks.
France's CAC 40 remained unchanged at 7,934 points, Britain's FTSE 100 fell slightly by 0.1% to 9,297 points, and Germany's DAX lost about 0.15% to trade at 24,251 points.
The final reading released by the German Statistical Office showed that Germany's gross domestic product contracted by 0.3% in the second quarter of 2025 compared to the first quarter, following a preliminary reading of a 0.1% decline.
The European Union announced, in an agreement reached last month, that it would allocate $750 billion to purchase American energy, along with investments of at least $600 billion in the United States. Under the agreement, tariffs on European goods were set at 15%, instead of the 30% that President Donald Trump had threatened to impose.
An update issued Thursday confirmed these details, revealing that tariffs on pharmaceuticals exported from the EU to the United States will be imposed at a maximum of 15%. This has alleviated some concerns, as Trump had previously threatened to impose tariffs on the sector of up to 250%
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