European shares drop, travel & leisure weighs

• STOXX 600 down 0.6%
• Travel & leisure lags
• US futures lower

EUROPEAN SHARES DROP, TRAVEL & LEISURE WEIGHS

Major European equity markets are lower on Friday in what looks to be a downbeat end to the week as worries about global growth continued to curb appetite for risk.

Central banks from Britain, the U.S. and Japan this week have all cautioned about heightened uncertainty, particularly around the Trump administration's trade and tariff policy.

Next week could be the calm before the storm, UBS says, as the Trump administration is expected to present its global trade review on April 1, which may form the basis for further tariffs.

For now, the STOXX 600 .STOXX is down 0.6% but is still eking out a 0.4% gain for the week.

Germany's DAX .GDAXI, France's CAC 40 .FCHI and Britain's FTSE 100 .FTSE are off between 0.5%-0.8%.

The travel & leisure sector .SXTP is the biggest laggard, down 2.1%, after a fire nearby closed Europe's busiest airport, Heathrow, for at least the whole of Friday. British Airways parent IAG ICAG.L is down 3.5%.