FLGB - European markets fall after a decline on Wall Street

The pan-European Stoxx 600 ( STOXX ) fell 0.6% on Friday, tracking losses in Wall Street and Asia, as traders react to latest economic data and comments from central bank officials. Europe's main stock market was set for a back-to-back decline.

Overnight in the U.S., Wall Street suffered a setback following strong economic numbers that raised the possibility of higher-for-longer interest rates, which overshadowed a stellar earning -driven rally in chip giant Nvidia ( NVDA )

Meanwhile, Germany, by far the eurozone's biggest economy, expanded by 0.2% Q/Q in the three months to March , rebounding from a 0.5% contraction in the previous period, in line with preliminary and consensus expectations.

Markets also took note of U.K. retail sales figures , which declined 2.3% M/M in April, following a downwardly revised 0.2% fall in March and much worse than forecasts of a 0.4% drop.

In Italy, G7 finance chiefs prep for a two-day meeting, with the trade standoff between China and the West likely to dominate talks. Looking to the far east, South Korea hosts a trilateral summit with China and Japan that starts on Sunday....

London ( UKX ) -0.6% , Germany ( DAX:IND ) -0.7% and France ( CAC:IND )  -0.5%.

Turning to the bond market, the U.S. 10-year Treasury yield was down less 1 basis point to 4.47%. Germany's 10-year yield down 1 basis points to 2.49%, while U.K.'s 10-year yield was down 1 basis point to 4.26%.

Coming up in the session: Canada retail sales, U.S.            durable goods orders.

Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD )

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