European stocks on Friday were limping toward their second-worst weekly finish in the year.
The Stoxx Europe 600
fell 0.3% to 466.08.
The 2% weekly fall, as of midday, is the worst since the 2.4% retreat in the week ending Feb. 26.
The automotive sector paced Friday’s retreat, as Volkswagen
said it would cut production at its main plant in Wolfsburg due to a shortage of microchips, an issue hitting the entire industry.
Marks & Spencer
was the top-performing Stoxx 600 company, surging 11%, after saying full-year profit would come in above the top end of analyst forecasts.