LONDON – European stocks were higher on Friday as a sell-off in global stocks eased and investors awaited U.S. inflation data.
Pan-European Stoke 600 It was last up 0.62% at 12:52pm London time, with most sectors and major exchanges in the region trading in the green.
Construction, materials and household goods stocks led the gains, ending up 1.19% and 1.17% respectively, while food and beverage stocks fell 0.27%.
German auto stocks recovered losses earlier in the day and ended up 0.25%. Benz Said it was narrowing its annual profit margin forecast.
nativ westminster bank On Friday, Bank of England reported that its shares rose as much as 7%. Pre-tax operating profit falls less than expected first half of this year.
European stocks ended lower over the past two sessions as tech stocks fell sharply, with Wall Street dominated by tech stocks Nasdaq Index It fell more than 3% this week.
Overall, the Stoxx’s losses eased from last week, which saw the region’s index post its worst performance since October.
The most important item on the data front on Friday is the U.S. personal consumption expenditures price index, due out at 8:30 a.m. ET, as investors seek more support for high expectations of a September interest rate cut. Economists surveyed by Dow Jones expected the overall data to grow at an annual rate of 2.5% and a monthly growth rate of 0.1%.
Asia Pacific market Tokyo’s overall inflation rate slowed slightly to 2.2% in July from 2.3% in May, before rebounding sharply on Friday. US stock futures It is higher in the early morning hours.
