Dipo Olowookere
By Investors Hub
European stocks have moved mostly higher during trading on Monday as trader look ahead to the historic summit between President Donald Trump and North Korean leader Kim Jong Un.
Trump backed out of a joint communiqué after the G7 summit over the weekend, and although this has raised trade war concerns, traders appear to have shrugged off this development for now.
While the U.K.?s FTSE 100 Index is up by 0.6 percent, the French CAC 40 Index and the German DAX Index are both up by 0.1 percent.
On the economic front, data released by the Office for National Statistics showed industrial production in the U.K. unexpectedly decreased in April, falling 0.8 percent month-over-month.
On a yearly basis, industrial production growth eased to 1.8 percent in April from 2.9 percent in March. The expected growth rate was 2.7 percent.
A separate report showed U.K. construction output expanded 0.5 percent in April, rebound from a 2.3 percent slump in March. The increase was below the 2.2 percent jump economists had forecast.
Meanwhile, a survey from the Bank of France revealed the country’s economy is forecast to grow at a slightly faster pace in the second quarter.
The bank kept its growth forecast for the second quarter unchanged at 0.3 percent. In the first quarter, the economy saw 0.2 percent growth.
