LONDON — European markets were muted on Friday, with investors tracking negotiations between Russia and Ukraine and digesting a big week of central bank decisions.
Earnings before the bell on Friday came from Porsche and JD Wetherspoon, while the Russian central bank is set to announce its latest interest rate decision, as it attempts to steer the country’s economy through a historic barrage of international sanctions.
In terms of individual share price movement, Swiss logistics company Interroll and biotech Bachem Holding both fell more than 9% to the bottom of the Stoxx 600 after their full-year earnings reports.
At the top of the European blue chip index, German arms manufacturer Rheinmetall gained 4.7% after UBS, Deutsche Bank and HSBC all raised their target prices for the company’s shares. British IT company Softcat climbed 4.5% after Berenberg upgraded the stock to “buy” from “hold.”
— CNBC’s Eustance Huang contributed to this report.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.