European stocks declined with the Stoxx Europe 600 falling 0.08%, heading for the biggest weekly loss in two months as oil price gains pressured airline sectors. Travel stocks led declines with major airlines posting losses between 2.4% and 4.9%, while the benchmark dropped 1% over five days. Notable individual moves included Ericsson's 9.4% surge on cost-cutting success and Wacker Neuson's 22% plunge after failed acquisition talks.
European Stocks Decline as Oil Price Surge Weighs on Airlines, Head for Weekly Loss