The stock market of Western Europe is actively rising on Friday, recovering from falling to the lowest level in more than two years, but still ends the next quarter with a decline.
The composite index of the largest companies in the Stoxx Europe 600 region jumped by 1.19% by 11:26 a.m. to 387.42 points. Growth leaders among industry sub-indexes are retailers, oil and gas companies and banks.
The index is down about 5% since the beginning of the third quarter and could end in the red for the third quarter in a row.
The British stock index FTSE 100 during trading on Friday rose by 0.91%, the German DAX – by 1.22%, the French CAC 40 – by 1.21%. The Italian FTSE MIB and the Spanish IBEX 35 added 1.5% and 1.2% respectively.
Investors evaluate a large array of statistical data from various European countries.
Thus, the UK economy in the second quarter of 2022 grew by 0.2% compared to the previous three months, according to the final data from the National Statistics Office (ONS). A 0.1% decline in GDP was previously reported, and analysts generally did not expect a revision of the data.
Consumer prices in France, harmonized with the standards of the European Union, in September increased by 6.2% in annual terms after rising by 6.6% in August, although experts expected inflation to accelerate to 6.7%.
Meanwhile, consumer spending in France was unchanged in August from the previous month. The average forecast of experts assumed a decline of 0.1%, according to Trading Economics.
In addition, on Friday it became known that the number of unemployed in Germany in September increased by 14 thousand, increasing for the fourth month in a row, but unemployment was expected to remain at 5.5%.
In Italy, unemployment in August unexpectedly fell to 7.8% from 7.9% in July, although analysts did not expect a change in the rate.
Aston Martin stock quotes are up 3.9% during trading on Friday on news that China’s Zhejiang Geely Holding Group Co. bought a 7.6% stake in the British sports car manufacturer.
Sportswear makers Puma and Adidas are down 5.4% and 3.9%, respectively, after U.S. rival Nike Inc. the day before, he reported on the reduction of quarterly profit and noted the impact of negative factors on profitability.
Capitalization of Italian construction company Webuild rose 2.2% on a strong full-year outlook.
