European equity indices climbduring new business results session punctuated by the announcement of Eurozone growth and inflation figures.
Gains vary between +0.43% in Amsterdam and +1.36% in Brussels. The Euro Stoxx 50 advances by 1.2% and the Stoxx 600 takes 0.87%.
The attention paid by investors to business results, considered positive overallwill now move towards “the continuation of inflation and economic developments”, indicates Andreas Lipkow, analyst at Comdirect.
In this regard, investors took notice of several economic statistics.
In France, after a decline of 0.2% in the first quarter, the country returned to growth from April to June, recording a more dynamic rebound than expected in its GDP, which rose by 0.5% over this second quarter, according to data published Friday by INSEE.
More mixed results in Germany: the unemployment rate rose in July to 5.4%, and GDP remained stable in the second quarter. On Thursday, Germany announced lower inflation in July, but still high at 7.5%.
Spain announced, for its part, a record inflation for 38 years, at 10.8% in July over one year, while its growth rebounded in the second quarter to 1.1%.
In Italy, GDP grew by 1% in the second quarter, while in Portugal it fell by 0.2%.
In the euro zone, growth came out better than expected, but inflation is at a record high.