European stocks fell on Friday as investors cooled on prospects for global trade developments, with losses for Swiss luxury goods group Compagnie Financière Richemont SA CFR, -4.55% and French bank Crédit Agricole SA, along with major oil companies.
The Stoxx 600 SXXP, -0.16% slipped 0.4% to 404.74 after closing Thursday with a gain of 0.4% to 406.55, its highest level since May 2015. Buoyed by positive U.S.-China trade developments and record highs for Wall Street stocks, the Stoxx 600 is headed for around a 1.3% gain this week.