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European Stocks Decline as Oil Price Surge Weighs on Airlines, Head for Weekly Loss

European Stocks Decline as Oil Price Surge Weighs on Airlines, Head for Weekly Loss

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.

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