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European Equities Depreciate at Friday’s Session

By Investors Hub

European stocks are mostly lower on Friday as investors digest a slew of regional data and trade worries persist ahead of a pending decision on U.S. tariffs on $200 billion worth of Chinese goods.

While the U.K.?s FTSE 100 Index has slumped by 1 percent, the German DAX Index and the French CAC 40 Index are down by 0.2 percent and 0.1 percent, respectively.

International Airlines Group has tumbled in London after its subsidiary British Airways suffered a data breach.

On the other hand, Ashmore Group has climbed as it reported a 26 percent increase in assets under management for the year.

Pub retailer and brewer Greene King has also soared after reporting a jump in beer sales in the first quarter.

In economic news, Eurozone GDP grew 0.4 percent sequentially as initially estimated in the second quarter, Eurostat figures showed. On an annual basis, GDP growth eased to 2.1 percent from 2.4 percent in the preceding period.

German industrial production fell 1.1 percent month-on-month in July, in contrast to the 0.2 percent rise economists had forecast, official data showed.

The country’s exports declined for the first time in three months in July, while imports grew at a faster pace.

French industrial output grew 0.7 percent month-on-month in July, the same pace of expansion as seen in June, while the county’s visible trade gap shrunk to 3.49 euros billion in July from 6.00 billion euros in the same month last year.

U.K. house prices rose at their fastest annual rate since November of 2017 in the three months to August, according to the latest Halifax survey.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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