FX.co ★ European Stocks Cautious on Friday

The STOXX 50 and STOXX 600 indices remained relatively steady on Friday, as investors processed the week's series of monetary policy announcements. The Bank of Japan kept interest rates steady, as anticipated, but caught markets off guard by revealing its intention to start reducing its extensive holdings in exchange-traded funds (ETFs). Meanwhile, traders kept a close eye on discussions between US President Trump and Chinese President Xi, seeking any cues regarding ongoing trade negotiations. On the corporate front, SAP saw a decline of 0.9%, and ASML Holding dipped by 1%. In contrast, Airbus experienced a rise of 1.7%, and Banco Santander increased by 0.6%. Over the course of the week, the STOXX 50 recorded a 1.3% increase, whereas the STOXX 600 exhibited minimal change.