European shares set for modest weekly gains

European stocks were largely flat at the open on Friday, but slight gains earlier in the week kept them on track to end a two-week losing streak.

The pan-European STOXX 600 index was flat at 504.56 points by 0811 GMT, up 0.3 percent in a holiday-shortened trading week.

Across Europe, Germany’s DAX and Britain’s FTSE 100 fell 0.2 percent, while France’s CAC 40 was little changed, according to Reuters data.

Energy companies led sector gains, with their sub-index advancing 0.3 percent as oil prices rose.

Delivery Hero plunged nearly 7 percent after Taiwan’s Fair Trade Commission blocked the German food delivery company’s sale of its Foodpanda business in the country to Uber. It cited concerns about reduced competition.