European markets moved lower in early trade on Friday, with travel stocks leading the losses.
The pan-European Stoxx 600
was nearly 0.6% lower by 11:50 a.m. London time, while the French CAC 40
was around 0.6% lower and the German DAX
shed 0.7%. London’s FTSE 100
was nearly 0.5% lower.
The travel and leisure sector shed 1.5% after London’s Heathrow Airport closed on Friday following a fire at a nearby electrical substation. British Airways-owner International Airlines Group was trading around 1.5% lower by around 10 a.m.
