LONDON — European markets closed lower on Friday as investors assessed the global IT outage linked to issues at cybersecurity firm CrowdStrike persisted.
The pan-European Stoxx 600 index closed 0.77% lower as travel — one of the sectors most affected — tumbled 2.07%.
European markets have retreated throughout the week, with the Stoxx 600 closing lower on five consecutive days.
The picture was similar across the world, with Asia-Pacific markets declining on Friday.
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U.S. markets fell, as Wall Street continues to monitor a rotation from big tech into small cap stocks along with the IT turmoil.
On Friday, an update by cybersecurity firm CrowdStrike led to a major global IT outage that impacted businesses and crucial services including health care. Microsoft was one of the affected companies, with Windows laptops around the world showing error screens.
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Many flights remained grounded or were severely delayed as airlines and airports grappled with the impact of the issue.
CrowdStrike's CEO confirmed on social media that a fix had been deployed but did not provide details about how long the issues could last.
Earnings and trading updates were out from Danske Bank, Burberry and Hermes on Friday.
