- Oil stocks fall on crude slump
- France supports Syria intervention while UK bows out
- Deluge of positive data in US, UK, Europe
FTSE 100: -1.10%
CAC 40: -1.10%
FTSE MIB: -1.32%
IBEX 35: -1.60%
Stoxx 600: -0.87%
European stocks ended the week lower as a slate of upbeat data failed to mitigate a slump in oil and gas shares.
BP and Royal Dutch Shell were among the biggest fallers as the price of oil dropped after the UK parliament voted against supporting US-led military action in Syria.
Brent crude futures slipped $0.331 to $114.780 per barrel on Friday at 16:20.
The US is set to launch a strike against Syrian President Bashar al-Assad's government for an apparent chemical weapons attack on civilians last week.
The US has been trying to rally up international backers and has managed to gain the support of France.
However, any military action will be held off at least until United Nations investigators report back after leaving Syria on Saturday.
European, UK and US data floods market
The European Commission revealed that measure of business managers' confidence in the Eurozone's economy improved sharply in August by 2.7 points to 95.2, the fourth consecutive monthly rise.
The euro-area unemployment rate held steady in July at 12.1% in line with expectations, the European Union's statistics office revealed. The number of jobless fell for a second month in a row last month by 15,000 to 19.23m.
In the UK, GfK's consumer sentiment index rose to -13 in August from -16 in June when it increased by 5 points. Economists had predicted an incline to -14.
Economic growth accelerated to 0.7% in the three months through June, encouraging Britons to spend more, according to separate figures from the British Chambers of Commerce.
In the US, the Commerce Department said consumer spending climbed 0.1% in July after a revised 0.6% in the prior month, as incomes increased 0.1%. Economists had forecast a 0.3% rise in consumer purchases, which account for about 70% of the economy.
The University of Michigan's consumer confidence index showed US optimism climbed to 82.1 from an initial reading of 80, beating forecasts for a reading of 80.5.
The MNI Chicago Business Barometer, made of production, new orders, order backlogs, employment and supplier deliveries indicators, increased to 53 in August from 52.3 in July. A reading higher than 50 signals expansion.
Royal KPN retreated after the telecommunications company's independent foundation exercised an option to acquire preferred shares
in a bid to block America Movil SAB's offer.
Danone plunged after the French food products firm said baby-nutrition sales will fall in Asia in the third quarter.
bwin.party tumbled after the online gaming company said 2013 sales will fall up to 17% lower than last year's results as it reported a drop in first half earnings.
Ferragamo gained after the Italian luxury-goods company reported first-half net income that beat analysts' expectations.
Hermes advanced as the French maker of Kelly bags posted a rise in first-half operating profit that exceeded forecasts.
The euro/dollar fell 0.31% to the 1.3200 dollar