European stocks were broadly lower going into the close Friday as risk stocks sold-off and banks weighed on benchmarks across the continent in the wake of second-quarter numbers delivered by JPMorgan (JPM) during the session.
Results from America's largest bank were better than expected but saw its closely watched trading income fall for the period, while the bank also highlighted ongoing pressures that could hit its net-interest income during the quarters ahead.
There was a read-across into Europe from these numbers with all of the continent's largest banks taking a hit, which was more severe for those with big investment banking businesses.
On a more positive note, commodity producers gained at the tail end of a raucous day for iron ore, nickel, zinc and crude oil futures prices, with all rising during the session.
The FTSE 100 dropped 0.34% in London to be quoted at 7,388, while its mid-market sibling FTSE 250 index saw a lesser 0.07% fall. The DAX in Frankfurt and the CAC 40 in Paris were down 0.22% and 0.06%, respectively, going into the close.
Over in Southern Europe, markets were more mixed, with the IBEX posting a small gain in Madrid while the FTSE MIB slipped in Milan.
In individual stocks, Royal Mail (ROYMF) shares fell close to the bottom of the FTSE 100 after the company appeared to cave into union pressure over its plan to close a long running staff pension scheme and replace it with a cheaper plan.