European stock markets closed mixed on Friday as investors assessed the fragility of the ceasefire between the United States and Iran, alongside the potential success of peace negotiations in Ukraine.
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The pan-European Stoxx 600 index closed up 0.37%, with most regional sectors and all major exchanges posting gains, according to CNBC.
Germany's DAX closed with a slight decline of 0.01%, reaching 23,803.95 points, while the British FTSE fell 0.03%. Conversely, the French CAC rose by 0.17%.
European defense stocks fell sharply after Ukraine's chief negotiator with Russia indicated the possibility of reaching a resolution to the conflict.