European stock markets struggled for direction on Friday, as traders absorbed reports of another impending prominent departure from the U.S. administration, fueling worries about uncertainty in the White House, and disappointing inflation data for the eurozone.
The Stoxx Europe 600 index DAX, +0.10% was up 0.1% at 377.39, but switching between small gains and losses. The benchmark on track for a 0.3% weekly decline.
Germany’s DAX 30 index DAX, +0.10% rose 0.2% to 12,361.98. Trading in Frankfurt opened about 40 minutes late on Friday after a connectivity issue that prevented equal access for market participants to the trading system.
France’s CAC 40 index PX1, +0.01% was marginally higher at 5,268.47, while the U.K.’s FTSE 100 UKX, +0.14% was up 0.1% at 7,149.88.
Turmoil in the Trump administration has added to volatile trade, with the U.S. president expected to fire his national security adviser H.R. McMaster, according to news reports, which would be the second high-profile firing from the White House this week. Secretary of State Rex Tillerson was replaced with Central Intelligence Agency Director Mike Pompeo on Tuesday.
White House press secretary Sarah Huckabee Sanders dismissed that suggestion in a tweet late Thursday, but administration officials have reportedly confirmed it.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.