European shares was seen trading mixed as it started the trading session after the second-quarter German growth data was released and beat estimates, expanding by 0.7%.
The European Euro Stoxx 50 edged 0.15% higher to 2,811.05 as the market opened, while the German DAX rose 0.03% to 8,402.99 at the same time. The French CAC 40 fell 0.15% lower at 4,053.48 and the UK’s FTSE 100 declined 0.23% to 6,433.50.
Germany’s economy expanded by 0.7% in the second quarter, the reports from the German Federal Statistical Office (Destatis) confirmed.
Germany’s GDP edged 0.5% higher year-on-year in the quarter, according to Destatis.
The minutes from the Federal Reserve’s (Fed) July meeting released on Wednesday, revealed that the central bank will begin to scale back on its asset-purchasing program by the end of the year if the world’s largest economy continues to improve, however investors are still waiting for more clues as to when the tapering would commence.
Investors are still focusing on economic data’s coming from the US, to get hints on when the US Central bank would begin to taper its bond-buying program.
Earlier during the week economic data released showed that jobless claims were at 336,000 in the week ending August 16, reports from the US Department of Labour confirmed.
The US flash Manufacturing Purchasing Managers’ Index reported by Markit Economics advanced to its highest in over five months. The indicator reached 53.9 points and recommended a moderate expansion in the manufacturing sector, while employment grew for the second month.
In the Asian Markets, the stocks were mostly in green while the weaker yen raised exporters stocks in Japan.
Hong Kong’s benchmark Hang Seng dropped 0.11% to 21,871.04 at the time of writing, while the Chinese mainland Shanghai Composite declined 0.43% to 2,058.34.
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