Europe: Shares end whipsaw session lower on tech rout

On the other hand, Bankia and Caixabank marked double-digit gains after both Spanish banks said they were considering a merger to create the biggest lender in the country.Basic resource stocks were also among the few gainers for the day, tracking a rise in base metal prices and an expected uptrend in Chinese demand.

A batch of middling economic data this week bolstered expectations that the ECB would maintain an accommodative stance to support inflation, in line with the US Federal Reserve. With European interest rates in negative territory, the ECB has undertaken massive bond-buying programs this year to boost liquidity through the coronavirus crisis.

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