Market Overview

On Friday, major European stock markets mostly closed in the red, reacting to the latest economic data. Germany saw a decrease in inflation but an increase in unemployment, while France experienced a slight rise in inflation. The UK reported a downturn in annual house price growth, and Italy saw an uptick in producer prices. Additionally, retail sales in Germany and Switzerland showed positive movement.

Stock Performance

The French CAC 40 declined by 0.16%, with LVMH leading the drop at 1.98%. The Euro Stoxx 50 fell by 0.13%, largely due to Adidas's 2.04% decrease. Conversely, the British FTSE 100 rose by 0.38%, buoyed by Smiths Group's significant 11.42% jump. The German DAX also saw a slight decrease of 0.13%, with Merck experiencing a 2.9% loss.

Currency Movements

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