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Market Update

European Markets Gain

Jun 27, 2014

European markets were up Friday despite some lackluster data from the region.

The FTSE gained 0.4%. The CAC 40 Paris was up 0.5% while the DAX added 0.3%.

Data from Insee earlier today showed the French economy remained flat in the first quarter in line with expectations. GDP logged zero growth in the first three months following a 0.2% increase in the immediate previous quarter.

Other data showed French consumer spending rebounded in May – up a percent following a 0.2% contraction in April.

The U.K. is also due to release figures on economic growth as well current account figures shortly.

Stocks on the Move

Barclays PLC was up almost 2%.

Rolls-Royce revved up 1.5% after a Reuters report Airbus is close to a decision to upgrade its A330 engines provided by the British engine maker.

Adidas AG edged up 0.1% after U.S. rival Nike reported better-than-expected quarterly results Thursday.

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