European indices mixed after corporate’s earnings

European indices varied in the beginning of trading on Friday, July 26, as companies’ results were followed, and before the release of inflation data in America.

In terms of trading, the STOXX600 index rose by less than 0.1% to 508 points. The STOXX600 index closed lower over the past two sessions, amid sharp losses in technology stocks, amid broader declines on Wall Street.

The German DAX fell by 0.4% to 18,230 points, while the British FTSE rose by 0.5% to 8,224 points, and the French CAC rose by about 0.2% to 7,442 points. Car stocks led the losses on the European stock exchange, with Mercedes Benz shares falling by about 2% after it reduced its annual profit forecasts.

European companies continue to disclose their business results for the second quarter and the first half of this year. Markets are awaiting the release of US personal consumption expenditure data for June, the Federal Reserve’s preferred measure of inflation. The US central bank holds its monetary policy meeting next week, amid widespread expectations that interest rates will be kept unchanged.