European markets edge higher as traders eye Trump-Putin meeting, set for second weekly gain

[Global Business Strategy on Digital Display]
Tom Werner

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.14%

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.48%

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.54%

Switzerland’s economy grew by 0.1% quarter-on-quarter in the second quarter.

Slovakia’s annual inflation rate edged up to 4.4% in July from 4.3% in the previous month.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX [https://seekingalpha.com/symbol/STOXX]) rose 0.3% on Friday, supported by optimism about the outcome of the Trump-Putin meeting scheduled for later in the day. European stocks are poised to record a second consecutive weekly gain, supported by steady investor confidence amid improving economic data.

However, the initial optimism surrounding potential U.S. interest rate cuts has softened following the release of July’s Producer Price Index, which surged at the fastest rate in three years.

There are no major economic or earnings releases in Europe today.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was down 3 basis points at 4.23%.

Germany's 10-year yield was up 2 basis points at 2.73%.

UK's 10-year yield was unchanged at 4.65%.

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