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The pan-European STOXX 600 index was down 1.8% at 0808 GMT, but still on course for one of its best weeks since the global financial crisis.
The benchmark index has recovered almost 17% since hitting a low on March 16, but remains more than 26% below its all-time high last month in a rout that has erased more than $3 trillion from the value of European firms.
With the pandemic still far from contained in Europe, the bloc has suspended state aid rules and limits on public borrowing and approved $40 billion worth of emergency funds to help airlines, among the hardest hit sectors in the global emergency.
After leading the rebound this week, travel and leisure stocks (SXTP) fell 3%. Energy stocks (SXEP) were down 2.9% as oil erased early gains. [O/R]
French car parts company Faurecia (PA:EPED) shed 5.2% after abandoning its financial outlook due to the hit to its business from the health crisis.
