European shares were subdued on Friday, with the STOXX 600 hovering near record-high levels as investors assessed stalled efforts to end the U.S.-Iran conflict and awaited key Eurozone economic data, Reuters reported.
The STOXX 600 rose 0.05% to 659.65 by 0710 GMT, although the benchmark remained on track for a modest weekly decline after retreating earlier in the week. The index has continued to draw support from a strong corporate earnings season, with second-quarter profit expectations for European blue-chip companies increasing for an eighth consecutive week.
