The European stock market ended four weeks of continuous gains, as tension in the Middle East continued to ferment and weigh on market sentiment. easyJet soared 14% after Apollo's unexpectedly proposed acquisition, which was higher than Castlelake's offer. The Stoxx Europe 600 Index closed basically flat on Friday, with a cumulative decline of 1.8% this week. The benchmark index fell 0.3% for a while, then US President Donald Trump said that the US would continue negotiations with Iran, but it became flat again after believing that the cease-fire between the two countries had ended. Investors will turn their attention to next week's earnings season to look for signs indicating whether the European stock market can reach new highs. Laurent Douillet, a senior industry research strategist, pointed out that sectors such as banking and energy are expected to bring surprises. “Profitability remains the key catalyst for the stock market,” Barclays strategist Emmanuel Cau said. The Citigroup team quoted EPFR Global data as saying that for the week ending July 8, there was a net inflow of 400 million US dollars in European equity funds. This is the first net inflow in 13 weeks.

The European stock market ended four weeks of continuous gains, as tension in the Middle East continued to ferment and weigh on market sentiment. easyJet soared 14% after Apollo's unexpectedly proposed acquisition, which was higher than Castlelake's offer. The Stoxx Europe 600 Index closed basically flat on Friday, with a cumulative decline of 1.8% this week. The benchmark index fell 0.3% for a while, then US President Donald Trump said that the US would continue negotiations with Iran, but it became flat again after believing that the cease-fire between the two countries had ended. Investors will turn their attention to next week's earnings season to look for signs indicating whether the European stock market can reach new highs. Laurent Douillet, a senior industry research strategist, pointed out that sectors such as banking and energy are expected to bring surprises. “Profitability remains the key catalyst for the stock market,” Barclays strategist Emmanuel Cau said. The Citigroup team quoted EPFR Global data as saying that for the week ending July 8, there was a net inflow of 400 million US dollars in European equity funds. This is the first net inflow in 13 weeks.