(MENAFN– ecpulse)
European shares fluctuated within the closing session to close the week in mixed territories erasing gains in the final hour of trading, after Ukraine said its troops partially destroyed a military convoy that entered the country from Russia.
Shares of the world’s biggest mining company climbed 2.8 percent after it mentioned it might spin off some assets.
Equities in Europe followed the suit of their Wall Street counterparts on ease in geopolitical tensions after Russian president Vladimir Putin appeasing comments.
Regarding economic data, a report released today from the U.K. confirmed that Europe’s third biggest economy returned to pre-crisis level in the second quarter, where the annual reading was revised up to 3.2 percent from flash reading of 3.1 percent.
Otherwise today another report that assesses conditions and expectations of manufacturing executives in New York showed a weaker Empire Manufacturing for this month of August as the index came in gloomily lower at 14.69 from 25.60; lower than the predicted market reading of 25.60.
Accordingly:
- London`s FTSE 100 rose by 0.06% to 6689.08
- Paris`s CAC 40 plunged by 0.74% to 4174.36
- Frankfurt`s DAX 30 declined by 1.44% to 9,092.60.
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