London: European stocks pulled back from their record highs, dragged down by losses in telecommunications and energy sectors. The Stoxx 600 index closed unchanged at 530.07 points. While the index lost some momentum, it still posted a weekly gain of 1.3 percent, marking its fifth consecutive week of gains - the longest winning streak in almost 10 months.

According to Qatar News Agency, telecom stocks dropped by 2.8 percent, with Ericsson's shares plunging 12.7 percent after missing fourth-quarter earnings estimates. The energy sector also lost 1 percent, pressured by falling oil prices.

Eurozone bond yields rose, with the 10-year German bond yield climbing to 2.569 percent, reaching its highest in over a week.