European stock markets closed lower in Friday trading as The Stoxx Europe 600 dropped 1.12%, Germany's DAX fell 0.89%, the FTSE 100 declined 0.38%, France's CAC lost 0.92%, and the Swiss Market Index was down 1.60%.

In the UK, monthly real gross domestic product declined an estimated 0.1% in May, after a 0.3% decline in April, and growth of 0.4% in March, according to the Office for National Statistics. Analysts were expecting growth of 0.1%, according to Bloomberg. Real GDP grew an estimated 0.5% during the three months to May, compared with the three months to February.

In France, annual inflation rose 1% in June, up from 0.7% in May, according to the National Institute of Statistics and Economic Studies. The increase was attributed to an acceleration in service prices and by a decelerating decline in energy prices.

In Switzerland, the consumer sentiment index was minus 32 points for June, compared with minus 36 a year earlier, according to the Swiss Federal Statistical Office. Analysts were expecting minus 35, according to Bloomberg.

And in corporate news, Meta Platforms is almost certain to be hit by new antitrust charges in the EU as the Facebook owner is very unlikely to tweak its pay-or-consent model, Reuters reported Friday, citing people with direct knowledge of the matter.

Last month, the European Commission warned the company of potential daily fines after it was told that Meta's model would only see limited changes to follow the EU's Digital Markets Act, according to the report. Meta Platforms and the Commission didn't immediately respond to requests for comment from MT Newswires.

HSBC has left the Net-Zero Banking Alliance, the world's largest climate banking group, following the lead of several major US, Japanese, and Canadian banks that exited over the past eight months, multiple media outlets reported, citing the lender.

Shares of HSBC were down 1% in London trading.

Hackers have stolen customer data from Louis Vuitton UK, the luxury goods company said in an email to MT Newswires.

"Louis Vuitton recently discovered an unauthorized party accessed some of the data we hold for our clients," a spokesperson said. "We immediately began taking steps to investigate and contain this incident, supported by leading cybersecurity experts." The company said it can confirm that no payment information was in the hacked database.

Shares of Louis Vuitton fell 3.4.% on the Parisian exchange.