FTSE 100, STOXX 600, peace agreement between Israel and Gaza

European listed stocks fell on Friday after US President Donald Trump threatened China A new wave of tariff increases.

Pan-European Stokes 600 It ended Friday’s trading down 1.3%, with most major sectors and markets declining. UK FTSE 100 index Germany fell by 0.9% Dax It decreased by 1.4%.

the CAC 40Meanwhile, it fell by 1.5% amid comments from French President Emmanuel Macron A self-imposed 48-hour deadline To choose a new prime minister.

yield on 10-year German bondswhich is often considered a benchmark for the Eurozone, fell by 8 basis points to 2.635% while in the UK, 10-year gilt returns It fell 8 basis points to 4.754%.

European defense stocks were sold off, with the regional Stoxx Europe Aerospace and Defense index ending 1.9% lower, amid news that the Israeli government has approved the first phase of a peace deal that will see the release of hostages held by Hamas.

The Israeli Defense Forces A Gaza ceasefire agreement It took effect as of 12pm local time (5am EST) on Friday, and troops have been withdrawn from some parts of the enclave.

Financial markets are also studying the repercussions of the Chinese crisis Fresh export controls On rare earth minerals, which are critical in the manufacture of various defense technologies as well as other widely used consumer goods.

Mining stocks in Europe fell on Friday amid developments in Beijing, with the Stoxx Europe Basic Resources Index falling more than 2.7%. This represents a reversal from the gains seen earlier this week following the EU announcement Plans to increase tariffs on steel.

Looking at individual stocks, Finnish Energy Equipment Company Wärtsilä He added 3.6%, like Denmark Jeske Bank It also achieved 3.6%.

Wartsila on Thursday announced a power plant expansion project with Philippine power provider Delta P, a subsidiary of Vivant Corporation.

Jyske raised its earnings per share guidance and said it now expects net profit of 4.9 billion to 5.3 billion Danish kroner ($760 million to $820 million), compared with a previous forecast of 3.8 billion to 4.6 billion Danish kroner.

The name of the German defense Hensoldt He lost 5.3%, while color Italian Leonardo shares fell 4.5%.

Reuters First reported on Thursday The EU’s executive arm will challenge Italy’s “golden power rule”, which has allowed Rome to impose strict conditions on it unicredit While trying to buy Banco BPM.

UniCredit later decided to withdraw its offer earlier this year, citing the rule. UniCredit shares closed trading on Friday, down 1.8%, erasing their previous gains.

The European Union is moving forward with measures against Italy, and more steps are expected next month, a source close to the process told CNBC on Thursday evening.

And yet comes The European Commission also called on Spain Earlier this year to comply with banking regulations in the context of BBVA’s bid for Banco Sabadell.

The euro zone has seen a flurry of potential banking deals in the past 12 months, involving lenders in Italy, Spain, Germany and elsewhere. However, political interference has prevented deals from being made, preventing the region’s banking sector from competing more seriously with Wall Street.

Separately, European Commission President Ursula von der Leyen said He survived two votes of no confidence On Thursday, there was more support from lawmakers than she had in a previous motion to impeach her in July.