19.09.202516:03:16UTC+00European Stocks Close Flat

European stocks experienced slight upticks by the close of trading on Friday, as robust performance in the prominent financial sector helped counterbalance varied movements in other areas. Market participants remained focused on evaluating key monetary policy decisions from the week. The Eurozone's STOXX 50 index edged up by 0.2% to settle at 5,467, while the broader STOXX 600 remained steady at 555. In an anticipated move, the Bank of Japan maintained its interest rates unchanged but caught investors off guard by announcing plans to gradually reduce its substantial exchange-traded fund holdings. Market watchers also paid close attention to the dialogue between US President Trump and Chinese President Xi, with both leaders expressing optimism over progress on several topics, in preparation for their forthcoming in-person meeting the following month. Major banks, including Santander, BNP Paribas, and Nordea, saw an increase of nearly 2%, leading gains in the financial sector. Meanwhile, aerospace giants Airbus and Safran recorded advances of 1.4% and 2.3%, respectively. Conversely, a decline in freight rates resulted in Moeller Maersk plummeting by 6%. Over the week, the STOXX 50 accrued a 1.4% increase, whereas the STOXX 600 maintained stability without significant change.