European Stocks Lower on Turkey Concerns; Banks Fall; Novozymes Down 5%

European stocks opened lower Friday morning as investors reacted to corporate earnings, fresh turmoil for Turkey and continued fears of a trade war between the U.S. and China.

The pan-European Stoxx 600 was down 0.4 percent at 387.92 in early deals with banks and basic resources showing the steepest falls. This came as the euro dropped sharply against the dollar, following reports that the European Central Bank (ECB) is concerned over the impact of a weak Turkish lira on European banks.

Source : CNBC

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