European stocks fell due to losses in mining and technology ‎shares

The main European stock index fell on Friday due to declines in mining and technology stocks, as investors evaluated economic data and the start of a 4-day truce between Israel and Hamas.

According to Reuters, the European Stoxx 600 index fell 0.1%, but is still on track to achieve weekly gains as investors focus on corporate profits and the possibility of lowering interest rates.

The mining sector fell 0.6%, topping sector losses, while technology stocks fell 0.4%.

The data showed that the German economy contracted slightly in the third quarter, which confirms the initial estimate of a 0.1% decline in growth. There was no significant change in the German DAX index.

Forvia and Continental shares jumped more than three percent to top the STOXX 600 index after Barclays raised the rating of the two auto parts manufacturers to “overweight.”

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