European stock indexes dropped, dragged down by bank and mining stocks, but defense stocks rebounded.

European stock indexes opened lower due to declines in mining and banking shares. The Spanish IBEX 35 index fell by 0.1% as oil giant Repsol continued to decline, and banking shares that dominate the index also fell. Defense company Indra Sistemas was a bright spot, rising by 2.9%. In London, the UK's FTSE 100 index, which had just set another record high on Thursday, fell by 0.2%, with defense stocks rebounding but mining shares weighing on the index. Rio Tinto fell by 2%, while Anglo American and Glencore both fell by 1.7% and 1.3% respectively. The German DAX index remained flat, with energy stocks rising Siemens Energy rose by 2.7% while chemical manufacturers fell. In Paris, the French CAC 40 index fell by 0.1%, continuing its decline since hitting record highs last week; the Italian FTSE MIB index fell by 0.15%. Mediobanca and Banca Monte dei Paschi di Siena both fell by approximately 2.8% following reports of a dispute between the CEO of the Sienese bank and a major investor.