European shares close lower as investors turn attention to Trump-Xi call

European equities traded lower on Friday, as trade and the economy remained in focus.

The pan-European Stoxx 600

 ended the day down 0.04%, with sectors in mixed territory.

U.S. President Donald Trump, who made a state visit to the U.K. this week, held a much-anticipated call with Chinese leader Xi Jinping on Friday. It comes after U.S. and Chinese negotiators reached a framework deal on TikTok’s U.S. business at talks in Madrid, Spain, this week.

Regional shares ended Friday’s session lower, putting the Stoxx 600 index on course to end the week unchanged.

Looking at individual European stocks, shares of Maersk

 — a bellwether for global trade — shed 5.9%, while logistics firm Kuehne + Nagel

 ended Friday 9.1% lower.

The moves came ahead of Trump’s call with Xi, which took place a day after Canada and Mexico vowed to deepen bilateral trade ties. Both countries are grappling with the White House’s punitive tariffs on their goods.