European stocks:  Brief weekly Overview

This Friday, European stock markets were ready to break a four-session win streak. The optimistic economic data was overshadowed by persistent worries about rising COVID-19 cases in the U.S.

The eurozone June Composite PMI was at 48.5, from 31.9 in May.

U.S. markets will be closed on Friday for the Independence Day holiday, keeping volumes pinned down in Europe.

The Stoxx Europe 600 index SXXP, -0.55%, dropped 0.1% to 367.89, on the heels of a near 2% gain on Thursday. Meanwhile, during the week the index went up for a 2.7% gain. However, Spain’s IBEX 35 IBEX, -1.01%, stood out with a 0.7% drop. The French CAC 40 PX1, -0.71%, and the FTSE 100 indexes UKX, -1.16%, fell 0.4% and 0.3%, respectively, while the German DAX 30 index DAX, -0.37%, was flat.

The euro-area Market Services PMI for June came in at 48.3. However, more dramatic gains were seen in Spain, where the services PMI jumped to 50.2 from 27.9.

What were other stocks up to?

U.S. stock futures were barely higher, outside of a 0.2% addition for NASDAQ-100 futures, after unassuming increases for those business sectors on Thursday. Meanwhile, NQ00,  was at -0.07% after a record finish for technology stocks, though there were more modest gains for the Dow DJIA, +0.35%, and S&P 500 SPX, +0.45%, on Thursday.

Among stocks moving, the shares of Delivery Hero DHER, +4.43%, bounced 5% higher during positive news. The delivery platform stated that order numbers grouped in the second quarter bounced up 94% from a year ago. Shares of Land Securities Group LAND, +1.46%, rose 2.5%.

Vitality names were additionally lower as oil costs CL.1, – 1.06%, fell about 1%. Shares of BP, +0.86%, BP, – 1.80%, and Royal Dutch Shell RDS.A, +0.39%, RDSA, – 1.17%, stock fell 1.4% each.

Banks were on the losing side, with BNP Paribas BNP, – 0.97%, falling 1% and Banco Santander SAN, +4.60%, SAN, – 2.34%, shares falling 1.9%.