EU STOCKS head for weekly loss

European stock markets headed for a weekly loss on Friday. 

The Stoxx Europe 600 index slipped 0.1% to 312.76, setting it on track for a 0.5% weekly loss. 

Among country-specific indexes, France’s CAC 40 index lost 0.2%, while Germany’s DAX 30 index dropped 0.2%. The U.K.’s FTSE 100 index fell 0.3%. 

Data released showed September EMU economic sentiment rose to 96.9 vs 96.0 expected. 

In Uk the Bank of England's Governor Mr. Carney was saying "he does not see a case for more QE in the UK." 

Data released showed on an annual basis UK Nationwide Housing Prices increased 5% in September, up from 3.5% the previous month. Analysts expected less growth of 4.5%. 

Month-over-month Nationwide Housing Prices climbed 0.9% in September, following a 0.7% rise in August and above consensus of increasing 0.5%. 

Among notable movers in the index, shares of Vallourec SA slumped 8.2% after the steel-tube maker warned a weak Brazilian real and a temporary reduction of demand for new wells in Brazil could dent revenue growth for the full year. 

Tenaris SA declined 3.4%. Bank of America Corp cut its rating on the steel-pipe maker to neutral from buy. 

Countrywide Plc dropped 1.8% as Alchemy Partners LLP is selling a 5.9% stake, about 12.9 million shares, in the U.K.’s largest property broker. 

On a more upbeat note, shares of Vestas Wind Systems AS rallied 12% after the wind-turbine manufacturer said it has formed an offshore-wind joint venture with Mitsubishi Heavy Industries Ltd. 

SEB climbed 4.4%. The maker of Tefal pans and Rowenta household appliances was lifted to a buy from hold at Societe Generale. 

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