12:06 PM EDT, 04/11/2025 (MT Newswires) -- European stock markets closed mostly lower in Friday trading as the Stoxx Europe 600 was off 0.10%, Germany's DAX dropped 0.92%, the FTSE 100 in London was up 0.64%, France's CAC 40 fell 0.30%, and the Swiss Market Index was down 0.04%.

In Germany, the annual inflation for March was 2.2%, down from 2.3% the previous month, according to the Federal Statistical Office. Compared to the previous month, consumer prices rose 0.3%.

In the UK, monthly real gross domestic product grew an estimated 0.5% in February, with growth shown in all main sectors, following no growth in January, according to the Office for National Statistics. Analysts had expected GDP growth of 0.1%, according to Bloomberg. Meanwhile, real GDP is estimated to have grown 0.6% in the three months to February, compared with the three months to November.

And in corporate news, UBS Group's potential exit from Switzerland would have "serious implications in the medium term" for the country's economy, according to a study released Friday by the Swiss Bankers Association. Anticipating potentially stricter banking rules, The bank has considered all scenarios, including exiting the country, according to a Reuters report Friday. UBS did not immediately reply to a request for comment from MT Newswires.

Shares of UBS were off 0.44% on the SIX Swiss Exchange.

BP's refining and trading earnings are expected to be negative in fiscal Q1, for the third straight quarter, although there has been a slight increase in refining margins quarter-over-quarter and better liquids trading, RBC Capital said in a Friday note. The analysts said that the "bright spot" is BP's customers segment, where results are expected to be higher quarter-over-quarter.

Shares of BP fell 2.9% on the FTSE.

HSBC is looking into private credit as it looks for a way to raise revenue after months of job cuts, restructuring and a retreat from investment banking, Reuters reported Friday, citing five sources with knowledge of the bank's plans. HSBC did not immediately reply to a request for comment from MT Newswires.

Shares of HSBC rose 1.3% in London.

GSK CEO Emma Walmsley said the pharmaceutical firm has taken precautionary steps to protect its global operations from possible US tariffs on medicines, Bloomberg News reported Friday, citing an interview held in London. Walmsley told Bloomberg that GSK had overhauled its supply chain following the Haleon separation, incorporating backup sourcing to improve operational stability.

Shares of GSK closed 1.5% higher in London.

European automaker Stellantis reported Friday Q1 shipment estimates of 1.2 million units globally, representing a 9% drop from a year earlier. Shipments fell 20% to 325,000 units in North America and decreased by 8% to 568,000 in "Enlarged Europe."

Shares of Stellantis lost 3.9% on the Parisian bourse.