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On Friday, European stocks decreased because market participants were focused on a slew of economic reports from the euro zone, not to mention the second day of negotiations between European leaders in Brussels.
During European trade in the morning, the EURO STOXX 50 lost 0.37%, Germany’s DAX 30 decreased 0.22% and France’s CAC 40 went down 0.28%.
Earlier research group Markit posted that in June its German flash manufacturing purchasing managers’ index edged down to 59.3 from 59.5 last month, compared to hopes for a dip to 59.0.
As for the German services PMI, this index tumbled to 53.7 from 55.4.
Markit added that this month its French flash manufacturing PMI grew to 55.0 from 53.8 in April, thus ruining hopes for a soar to 54.0.
Meanwhile, the French services PMI went down from 56.9 to 55.3.
European leaders were geared up toward a second day of negotiations at a European Council gathering on Friday.
The FTSE 100 lost 0.44% in London, suppressed by Shire PLC, whose stocks dipped 1.66%.
On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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