Europe's STOXX 600 falls a day after Fed-fuelled rally
European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve's outsized interest rate cut, while drugmaker Novo Nordisk slid on disappointing obesity pill data.
The pan-European STOXX 600 index closed 1.4% lower, though it recorded a second straight week of gains.
All major European stock markets had steep losses, except Spain, which closed 0.2% lower.
Novo Nordisk shed 5.4% after results from a Phase 2a trial of the Danish drugmaker's experimental obesity pill monlunabant came in below market expectations.
The broader health care sub sector eased 1.9%.
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