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European stocks fell broadly ahead of the central bank meeting
European stocks fell on Friday amid broad selling ahead of next week's European Central Bank meeting, which could signal plans to end the massive monetary stimulus that supports equities in the region.
Losses across most sectors pushed the Stoxx 600 European index down 0.5 percent by 0724 GMT as investors were cautious ahead of a series of major global events, including the G7 summit, which they fear could trigger market turmoil.
The European index is heading for losses for the third week in a row on expectations of tightening monetary policy and the renewed rise of the euro and growing political concerns.
Standard Life Aberdeen was the biggest loser on the index, falling 4 percent after Lloyds Banking Group sold its stake in the company, while Enneco rose 6.8 percent after Barclays raised its recommendation to increase its relative weight.
Deutsche Bank fell 1.6 percent. The bank denied signing a deal with rival Commerzbank after Bloomberg said it had consulted with major shareholders over a possible alliance.
Commerzbank fell 2.1 percent.
Shares in PT Group fell 0.2 percent on better overall market performance after news of Chief Executive Gavin Patterson's resignation later this year.
Shares in PT Group fell 0.2 percent on better overall market performance after news of Chief Executive Gavin Patterson's resignation later this year.
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