European stocks were headed for a second day of losses Friday, with the euro also under pressure as Austria announced a national lockdown to fight COVID spread, and Germany’s health minister didn’t rule out its own lockdown measures.

The Stoxx Europe 600 index XX:SXXP traded around 0.2% to 486.66, and was poised for a 0.3% drop for the week. The German DAX DX:DAX was off 0.2%, France’s CAC FR:PX1 traded 0.4% lower and Italy’s FTSE MIB IT:I945 tumbled 1.3%. All of the benchmarks were off session lows. The euro EURUSD, meanwhile,…