Mon, 25 Jun 2012 07:42:14 GMT
European equities end mostly lower on downgrades and surging Spanish yields
European stocks finished the week with an average gain of 1%, though Friday trade was mostly negative. Stoxx Europe 600 dropped 0.7%, French CAC declined 0.8% and UK FTSE 100 closed 1.0% down. German DAX tumbled 1.3% but Spanish IBEX 35 rallied 1.5% after auditors said Spain would need smaller rescue package than earlier estimated.