Economic news

European stocks on track for second week of gains

European stock climbed in early trading on Friday, on course for a second straight week of gains as concerns of a full-blown trade war eased and optimism about the further corporate earnings season rose.

Photo: Reuters

The STOXX 600 was up 0.3 percent at 385.33.

Germany's DAX gained 0.5 percent to 12,551.62 and France's CAC 40 added 0.5 percent to 5,430.35. Britain's FTSE 100 surged 0.5 percent to 7,688.12. 

Shares of France-based technology consultancy Altran Technologies slumped more than 20 percent after the company reported it had identified an incident linked to forged purchase orders.

UK's recruitment company Hays led the rise, adding 5.1 percent after saying it expected full-year operating profit to surpass market forecasts.

Shares of Norwegian insurance group Gjensidige sank 9.2 percent following its weak second-quarter financial results.

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