European stocks were relatively flat on Friday early morning, as worldwide markets monitor falling commodity rates while continuing to absorb a hawkish pivot from the U.S. Federal Reserve.The pan-European Stoxx 600 slipped 0.2% in early trade, with insurance and banking stocks dropping 1.1% to lead losses while industrials added 0.3%. The move sent out the dollar soaring.On the data front, Mays U.K. retail sales fell 1.4% month on month, official stats exposed Friday, falling short of the 1.6% expansion expected by economists in a Reuters survey. The pound toppled to a new six-week low on the back of the dip.Meanwhile, the German Producer Price Index (PPI) increased 1.5% month on month in May, vastly outstripping the 0.7% agreement projection.