European Markets React to Inflation Data

On Friday, major European stock markets experienced a mix of fortunes following the release of the latest economic data. Germany saw a decrease in inflation and a rise in unemployment, while France reported a slight increase in inflation. The UK's annual house price growth, Italian producer prices, and retail sales in Germany and Switzerland were also in focus.

Market Movements

The French CAC 40 fell by 0.16%, with LVMH shares dropping by 1.98%. The Euro Stoxx 50 decreased by 0.13%, largely due to Adidas trading 2.04% lower. Conversely, the British FTSE 100 rose by 0.38%, buoyed by Smiths Group's impressive 11.42% surge. The German DAX dropped by 0.13%, with Merck losing 2.9%.

Currency Movements

At 5:35 pm CET, both the euro and the pound sterling remained stable against the dollar, trading at 1.03977 and 1.24407, respectively.