Economic news

European equities rise slightly though STOXX on track for weekly decline

European stocks advanced on Friday as NEX Group soared after news on a potential acquisition by CME Group, though stocks were on course for the weekly decline as concerns over a global trade war kept investors cautious.

Photo: Reuters

The pan-European STOXX 600 index ticked up 0.1% to 377.04.

The UK’s FTSE 100 gained 0.2%, the French CAC 40 dropped 0.1%, the Spanish IBEX 35 and the Italian FTSE MIB grew 0.1% and 0.2%, respectively. Germany’s DAX edged up 0.4%.

Shares of NEX Group jumped 33% on news that the U.S.-based derivatives trader CME made a preliminary offer to buy the company.

Deutsche Bank rose 1.7% after as the German bank revised its net loss for 2017 at 751 million euros.

Inflation in the euro zone grew 0.2 percent month-on-month and 1.1 percent year-on-year, Eurostat reported.

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