Europe: Shares end best week since 2018 on weak footing

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"Having already rallied hard this week, it was going to be hard to push equities higher into the weekend, especially given the uncertainty surrounding the coronavirus in China," Chris Beauchamp, chief market analyst at IG, wrote in a note.

Miner Norsk Hydro ASA tumbled 12 per cent after missing quarterly profit estimates, while Belgian materials and recycling group Umicore SA fell about 10 per cent after an earnings miss at one of its key divisions. "The data has raised the risk that next week's GDP data could bring back the R-word for the German economy," said Carsten Brzeski, chief economist, Germany at ING, referring to fears of a recession.

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