Both the STOXX 50 and STOXX 600 declined by 0.5% on Friday, with all major sectors and bourses in negative territory as investors digested a fresh round of corporate earnings and awaited updates on a potential US-EU trade deal. The auto sector was among the worst performers, with Volkswagen shares falling over 2% after the company cut its outlook due to tariff-related pressures. Michelin lost more than 1% posting a 27.8% slide in net income in the first half of the year. Also, LVMH slipped 1.5% following disappointing sales figures and Eni edged lower (-0.3%) after reporting a 25% drop in profit. Puma plunged 19% after warning of a full-year loss driven by weaker sales and the impact of US tariffs. On the week, the STOXX 50 is down 0.2% while the STOXX 600 gained 0.8% so far.