European Stocks Suffer Worst Week Since August as ASML Falls

European stocks posted their worst week since August as a risk-off mood hit some of this year’s biggest winners on concerns about lofty technology valuations and an uncertain US monetary policy outlook.

The Stoxx Europe 600 Index was down 0.3% by the close, extending losses since Monday to 2.2%. The index came off session lows after Federal Reserve Bank of New York President John Williams said he sees room for the US central bank to cut interest rates again in the near term.