European trade is coming under pressure after President Donald Trump's Covid-19 diagnosis

CNBC's "Squawk Box" discusses how European markets are trading after President Trump's positive coronavirus diagnosis with CNBC's Julianna Tatelbaum in London. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

The pan-European Stoxx 600 index was just below the flatline, with oil and gas and retail stocks sliding 1% to lead losses while construction and material stocks bucked the trend to climb 1.1%.

It comes after the U.S. president, 74, confirmed that he and Melania Trump, 50, were going into quarantine.

“We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!” Trump said via Twitter.

Hope Hicks, the 31-year-old advisor to Trump, had tested positive for the coronavirus on Thursday. Hicks had traveled with the president on Air Force One to a televised debate held in Ohio this week.

Stateside, stocks traded off their opening lows on some optimism Congress will come together on a coronavirus stimulus deal. On the data front, the closely watched U.S. nonfarm payroll rose by a lower than expected 661,000 in September and the unemployment rate was 7.9%, the Labor Department said Friday in the final jobs report before the November election.

Stocks on the move

Looking at individual stocks, gold mining firm Centamin plunged more than 21% to the bottom of the Stoxx 600 Friday after it forecast a fall in annual production amid delays to some operations at its key Sukari mine in Egypt.

Britain’s Ocado fell 4.9% after a lawsuit was brought against the e-commerce firm over alleged patent infringement.

At the top of the benchmark, Spanish construction giant ACS surged more than 20% after revealing French rival Vinci has submitted a bid to buy its construction business Cobra for 2.8 billion euros ($3.3 billion). It also comes as a joint venture owned by ACS won a bid to build the new terminal of San Diego’s international airport.

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