European stock futures traded little changed on Friday as China’s manufacturing sector improved further in October.
Futures for the pan-European Euro Stoxx 50 edged 0.06% lower at 3,063.30, while the German DAX index declined 0.04% lower to 9,032.00.
At the same time the French CAC 40 climbed 0.06% higher at 4,302.30 while the UK FTSE 100 gained 0.37% at 6,756.30.
Markit Economics are expected to report the UK Purchasing Managers’ Index (PMI) at 9:30am GMT, with forecasts of a drop from previous recorded reading of 56.7 in September to 56.4 in October.
European Stock Futures – China
Meanwhile, the Chinese manufacturing PMI posted a reading of 51.4 for October, compared to the previous month’s reading of 51.1 and surpassing analysts’ forecast of 51.2 in October.
A separate report revealed that HSBC’s PMI climbed 50.9 in October from the previous reading of 50.2 in September, in line the bank’s forecast of 50.9 reported last week, which was based on survey responses.
China’s economy grew by an annualized 7.6% in the third quarter, according to a data released by the government last month.
Asian Trading
Stocks in the Asian region saw a slight boost on Friday, despite the expansion in the Chinese manufacturing sector.
Japanese benchmark Nikkei 225 index lost 0.88% to 14,201.82, while Tokyo’s broader Topix gauge declined 0.94% at 1,183.03.
In China, Hong Kong’s benchmark Hang Seng index gained 0.18% to 23,247.85, while the mainland Chinese benchmark Shanghai Composite edged 0.37% higher to 2,149.56.
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