"The market has held up very well this week and we are just having a dipping day," said Bob van Wijk, equity strategist at Dutch broker Wesa Effecten.
U.S. stocks on Thursday were hurt by another inversion of the Treasury yield curve and weak housing sector data. See Market Snapshot.
But Friday's falls in Europe could not dent the region's strong performance of the last 12 months. Year-to-date, the FTSE 100 has climbed over 16%, Germany's DAX 30 has gained 28% and the French CAC 40 has jumped around 24%. In comparison, the S&P 500 has added only 4.7%.
Dollar strength, merger-and-acquisition activity and corporate restructuring have lifted European equities during 2005
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