European stocks pull back; Stellantis slides 4% after production plunge

European markets were lower on Friday after a rocky start to 2025 for stocks around the world.

The Stoxx 600 was down 0.39% by 1:45 p.m. London time, with major regional bourses and sectors mostly trading in negative territory.

Autos stocks led losses, down 1.86% as they extended Thursday's decline, while tech and travel and leisure stocks both shed more than 1.2%. One of the few sectors to rise was financial services stocks, which were last seen 0.57% higher.

Oil and gas stocks also rose over 1%, led by gains for Finnish oil refiner Neste, which climbed 5% and was on course for its best week since October on reports of a series of new airline fuel contracts. The stock was last up 4.2%.

At the other end of the Stoxx 600, Stellantis was down 4.25% after the Italian carmaker reported a 45.7% reduction in car production in 2024 — its lowest output since 1956, according to Reuters news agency.

U.S. futures were little changed Friday, after another choppy start to 2025. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all ended Thursday lower; for the latter two, that marked the fifth consecutive session of declines, their longest losing streaks since April.

Asia-Pacific markets were mixed overnight, with Chinese stocks extending declines as investors assessed policy signals from Beijing, while Hong Kong's Hang Seng index and South Korean markets were both in positive territory.

On the data front, Turkey's consumer price index fell to 44.38% on an annual basis in December, down from 47.09% in November. Economists had expected inflation to fall to 45.2%, according to a Reuters poll.

A flash reading of the Polish consumer price index reflected a 4.8% increase in December on an annual basis, also below a Reuters forecast.

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