European markets close mixed, taking a breather after record highs

The pan-European Stoxx 600 closed fractionally above the flatline, with telecoms sliding 0.7% while health care stocks climbed 0.7% as sectors and bourses pointed in opposite directions.

On Wall Street, the S&P 500 traded near its record high on Friday as U.S. stocks were set to wrap up the week with solid gains. Dovish comments from the Federal Reserve have helped boosted sentiment.

Fed Chairman Jerome Powell called the economic recovery “uneven,” signaling that monetary policy will remain loose until a more robust recovery is attained.

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