European stocks edged lower Friday, influenced by a global tech sell-off and Middle East tensions. Investors await the European Central Bank meeting and corporate earnings reports next week. Rising oil prices and subdued reactions to strong results complicated the market backdrop. Tech stocks experienced a significant decline this week, impacting major AI beneficiaries. Utilities and defense sectors saw gains, while luxury brands faced headwinds from reduced tourist spending.
Nifty weekly outlook: 24,500 holds the key to next leg of gains; focus on stock-specific bets
The Nifty ended the week with modest gains as the index defended the crucial 23,800–24,000 support zone, keeping the broader technical structure positive. Analysts expect
July 19, 2026