UPDATE 2-European stocks mark longest weekly winning streak since November 2019

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* Markets flat on Friday after record Wall Street rally
* UK markets outperform this week
* TUI slides on bond offering plan

(Adds comments, updates prices throughout)
By Sruthi Shankar and Shreyashi Sanyal
April 9 (Reuters) - European stocks were subdued on Friday,
but marked their longest weekly winning streak since November
2019 as hopes of a rapid recovery in economic growth offset
doubts over the euro zone's COVID-19 vaccination programme.
The pan-European STOXX 600 index .STOXX was up 0.1% after
hitting an all-time high at the open, while the UK's blue-chip
FTSE 100 .FTSE slipped 0.4%.
Global sentiment was underpinned by the U.S. Federal
Reserve's pledge to keep its super-easy policy in place even as
data showed the world's largest economy kicking into higher
gear. London equities have outperformed this week, with the
domestically focused FTSE mid-cap index .FTMC notching a
record high as Britain gradually emerges from a strict winter
coronavirus lockdown.
"While the UK and US have done relatively well on the
vaccination roll-out, continental Europe has lagged," said
Dhaval Joshi, chief strategist at BCA Research.
"But they will sort it out later this year. You'll see an
early rebound in UK and US economies from Q2 onwards. In
continental Europe, it will be later this year rather than Q2."
European stocks hit a series of all-time highs this week,
despite setbacks on the vaccination front after European
regulators found a potential link between AstraZeneca (NASDAQ:AZN)'s COVID-19
vaccine and reports of rare brain blood clots.
"The year has been without a major correction so far, and
with equity inflows continuing to hit new multi-year highs the
sense of 'irrational exuberance' is building once again," said
Chris Beauchamp, chief market analyst at IG.
"Some measure of caution would seem to be the prudent
approach until a more comprehensive conclusion can be drawn."
Investors will shift their focus to the U.S. earnings season
next week, with profits at S&P 500 companies expected to jump
25% in the first quarter, according to Refinitiv IBES estimate.
Airbus AIR.PA rose 0.3% after the French planemaker
reported slightly higher deliveries in the first quarter.
Holiday company TUI TUIT.L fell 2.1% after it said it was
raising 350 million euros ($416.33 million) through an issuance
of convertible bonds to bolster its finances and repay debt.
British American Tobacco BATS.L dropped 2.5%, among the
biggest drags on STOXX 600, after J.P. Morgan downgraded the
stock to "neutral".