European shares closed mixed on the day Friday, as investors await a European Central Bank monetary policy announcement next week. Shares were around 0.6 percent higher on the week.
BNP shares weigh
Trading has been thin this week with some bourses closed for public holidays. The pan-European FTSEurofirst 300 Index closed provisionally down 0.2 percent at 1,376.40 points for the day on Friday.
Shares of BNP Paribas closed down over 3 percent on media reports that the U.S. was hoping the bank will pay more than $10 billion to end a criminal probe into allegations it evaded U.S. sanctions.
The decline in BNP Paribas shares dragged fellow French lenders lower, as well as the French CAC 40. It closed unofficially down 0.2 percent.
European mining stocks suffered after concerns over China's economy reemerged. The basic resources sector, which has heavy exposure to China, the world's biggest metals consumer, closed down over 3 percent.
Meanwhile, investors await an official manufacturing purchasing managers index for China due out over the weekend.
Traders are also watching ongoing events in Ukraine and an expected stimulus announcement by the European Central Bank next week.
Italy consumer prices fall
April retail sales for Germany grew at their fastest pace since July 2012 on a year-on-year basis. However, the monthly figure saw a fall of 0.9 percent, worse than a 0.4 percent rise expected by a poll of economists by Reuters.
May inflation figures for Italy came in worse-than-expected on Friday morning. The month-on-month consumer price index fell 0.1 percent compared to April, with the yearly rise of 0.4 percent also failing to meet analysts' estimates.
In the U.S., stocks wavered on Friday, after the government reported an unexpected slowdown in consumer spending in April.
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