European Markets React to Latest Economic Data

On Friday, European stock markets closed with mixed results following the latest updates on the services and manufacturing sectors in key economies including Germany, France, the Eurozone, and the United Kingdom.

Germany's DAX saw a slight decrease of 0.12%, largely influenced by a significant 6.46% drop in MTU Aero Engines. Meanwhile, the UK's FTSE 100 fell by 0.72%, with Marks and Spencer experiencing a 3.82% decline.

In contrast, France's CAC 40 enjoyed a 0.42% increase, buoyed by a 4.59% jump in Pernod Ricard shares. The Euro Stoxx 50, however, remained flat.

Currency markets saw the euro strengthen by 0.89% against the dollar, trading at 1.05195 by 5:29 am CET. The pound, on the other hand, remained stable against the dollar, trading at 1.24913 a minute later.