European stock markets moved on a positive note on Friday as investors continued to monitor corporate earnings announcements ahead of Eurozone inflation and GDP data later today.
On Thursday evening, the American Amazon.com Inc. announced their quarterly results. and Apple Inc. with the two tech giants beating estimates, while big European names such as Renault, AstraZeneca, Hermes, L’Oreal and Eni, among others, took the baton today.
Meanwhile, data released by France and Spain on the path of GDP in the second quarter beat analysts’ estimates, giving a boost to hopes that the Eurozone will withstand the shocks created by the energy crisis and the rally in inflation.
On the board, the pan-European Europe 600 index rose 0.7% to 435.81 points.
Germany’s DAX is up 0.7% at 13,376.94 points, France’s CAC 40 is up 1.4% at 6,428.42 points, while Britain’s FTSE 100 is up 0.3% at 7,368.25 points.
In the region, Italy’s FTSE MIB gains 1.5%, while Spain’s IBEX 35 gains 1.3%.
Source: Capital
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