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European stocks closed lower for the first time in eight sessions on Thursday, weighed down by a slide in shares of heavyweight Nestlé, as well as a retreat for banks and major oil companies. Stock markets globally, including in Europe, have rallied in recent days after interest rate-hike signals from the U.S. Federal Reserve and pledges from President Donald Trump to announce a "massive" tax plan soon.
U.S. stock indexes snapped a multi-session streak of simultaneous records Thursday, weighed down by a decline in energy stocks, with the Dow industrials the only index to gain another record high at the close.
Investors in Asia continued to reel in their risk appetite Friday, following a pullback overnight in two major U.S. stock indexes from record levels. The declines capped a week of choppy trading in the region, with spurts of interest in holding risk assets followed by moves into safe-haven assets such as the yen.
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