(Reuters) – European shares were largely flat on Friday, following a record close in the previous session, as investors awaited U.S. payrolls data that is expected to show a moderation in U.S. jobs growth.
The pan-European STOXX 600 index was up 0.03%, as of 0810 GMT.
The benchmark index is on track to log its seventh straight weekly advance as robust quarterly earnings supercede global trade war-related worries.
L’Oreal fell 3.6% after the French cosmetics group reported its slowest quarterly rise in growth since the height of the pandemic, missing expectations.
The stock took the personal and household goods index 0.7% lower.
Construction and materials was the top sectoral winner, adding 1.4%, after it was boosted by a 7% jump in Sweco following its fourth-quarter results.
Among other stocks, Porsche SE fell 3.7% after the luxury carmaker provided a 2025 sales forecast below market expectations, adding it expects impairments on its stake in the carmaker Porsche AG to nearly double.
Danske Bank, Denmark’s biggest lender, was up 7.1% after it posted record annual profits, and said it would launch a new share buyback programme of 5 billion Danish crowns ($696.61 million).
The Danish benchmark index OMXC 20 jumped 1.5%.
($1 = 7.1776 Danish crowns)
(Reporting by Nikhil Sharma; Editing by Sonia Cheema)
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