Economic news

European stocks steady, financial results in focus

European shares wobbled in morning deals on Thursday as corporate results triggered steep price swings in advertising, technical and industrial sectors.

Photo: Reuters

The pan-European STOXX 600 was flat at 387.05.

Germany's DAX 30 slipped 0.3 percent to 12,732.31 and France's CAC 40 index was down 0.2 percent at 5,436.75.

The UK's benchmark FTSE 100 index surged 0.2 percent to 7,689.90, following weak British retail sales data.

France-based advertising agency Publicis slumped 8.7 percent following an unexpected fall in second-quarter sales due to weak results of its U.S. healthcare communications business.

Anglo-Dutch consumer goods firm Unilever slid 0.4 percent after it posted second-quarter sales below forecasts.

Shares in French telecoms firm Iliad jumped 8.2 percent on news the number of company's subscribers in Italy had overpassed 1 million.

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