European stocks fell on Friday, and are heading towards incurring weekly losses, affected by the decline in commodity prices and the continued decline in shares of global technology companies.
The decline comes with the opening of European markets in light of a global technical problem in the Internet that caused the disruption of international airlines, banks, and the media.
The global technical disruption affected operations in various countries including Spanish airports, the Turkish airline, Australian media and banks.
Stock movements
The European Stoxx 600 index fell by 0.6 percent by 07:15 GMT, falling to its lowest level in more than two weeks amid major selling operations in various sectors.
Travel and entertainment sector stocks led losses, falling 2.5 percent due to a decline in Evolution shares. Mining company stocks also fell 1.8 percent due to a decline in commodity prices as a result of the absence of Chinese stimulus measures.
German stocks fell 0.6 percent after the producer price index in the region's largest economy fell 1.6 percent year-on-year in June, which was in line with the expectations of analysts polled by Reuters.
Microsoft and Crowdstrike shares fell in European trading, as Microsoft users around the world reported widespread service outages.
Cybersecurity company Crowdstrike is facing a technical glitch in its services around the world.
Oil and gas trading in London and Singapore was also disrupted due to internet outages.
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