Economic news

European traders assess disappointing economic data

On Friday European stocks were unchanged in the morning trade, as traders explored China trade figures that came in the wake of the trading day, a pointer of worldwide financial development, while a profit threat from Daimler beat down auto stocks.

stocksPhoto: Flickr

China's yuan-designated exports added 6.1 percent in the first half of current year from a year sooner, while imports expanded 1.4 percent, customs figures outlined, which lead to trade excess of 1.23 trillion yuan for the initial half-year.

The figures appear after a dash of frustrating financial reports from around the world, which demonstrated that the worldwide economy experienced an extended Sino-U.S. trade row that made main national banks to take a more timeserving path.

FTSE 100 was up 0.28 percent at the level of 7,530.68. DAX was higher at 12,338.02. CAC 40 lost 0.46 percent to 5,577.63. Stoxx 600 added 0.14% to the 387.26 level.

Daimler lost 2.7 percent after the luxury carmaker cautioned traders it anticipated to switch to a second-quarter dump before the rate of interest and fees of 1.6 billion euros.

Healthcare stocks .SXDP slid as drugmakers continued their drop after the White House said it was dumping a key plan to tighten U.S. pharmacologic rates and growing the probability of new actions aimed to drugmakers.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree