Europe stocks secure 10-week winning streak, outperforming U.S. in February

European markets closed mixed on Friday, but notched a tenth straight week of gains despite uncertainty from U.S. President Donald Trump’s tariff threats.

The pan-European Stoxx 600 index pulled back from earlier losses to close fractionally above the flatline. The Stoxx Technology index was the worst performer, falling 1.5% as it felt the knock-on effects from Thursday’s sell-off of chipmaking giant Nvidia. The global tech bellweather rebounded Friday as investors continued to assess its quarterly earnings report. 

Dutch semiconductor manufacturer BE Semiconductor was down 1.7%, while ASM International and ASML both lost more than 2%.

Trump earlier this week threatened to impose 25% duties on imports from the EU, saying the tariffs would be announced “very soon” and apply to “cars and all other things.”

The president also confirmed on Thursday that sweeping 25% tariffs on goods entering the U.S. from Canada and Mexico would come into effect on March 4, while China will face additional 10% tariffs from that date.

Following talks with U.K. Prime Minister Keir Starmer in Washington on Thursday, Trump hinted that Britain may manage to avoid his tariffs regime.