BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were mixed on Friday as
investors digested a slew of regional data and looked ahead to the release of
key U.S. inflation data later in the day for clues on when interest rates may be
cut.

The British economy recovered more than initially estimated in the first
quarter, the latest data from the Office for National Statistics showed.

Gross domestic product grew 0.7 percent from the fourth quarter, when the
economy shrank 0.3 percent. In the initial estimate, the rate of expansion was
0.6 percent.

With this, the country has now come out of a technical recession as the GDP
contracted in the previous two quarters.

France's consumer price inflation eased in June to the lowest level in nearly
three years amid a slowdown in costs for food and energy, a provisional estimate
from the statistical office INSEE revealed.

The consumer price index climbed 2.1 percent year-over-year in June, following a
2.3 percent rise in the previous month.

Further, this was the weakest inflation since August 2021, when prices had risen
1.9 percent.

Elsewhere, the number of people out of work in Germany rose more than expected
in June, Federal Labour Office figures showed.

The pan European STOXX 600 was up 0.2 percent at 513.80 after falling 0.4
percent on Thursday.

The German DAX rose half a percent and the U.K.'s FTSE 100 edged up 0.4 percent
while France's CAC 40 dipped 0.4 percent ahead of the upcoming parliamentary
elections.

The latest polls show a first-round national election win for far-right parties.

Retailer JD Sports Fashion lost 4 percent and PUMA SE fell nearly 3 percent
after Nike, the world's largest sportswear maker by revenue, warned sales would
fall this year.

Nokia added 1.2 percent after the Finnish telecoms giant agreed to acquire
Infinera in a $2.3 billion deal to strengthen its optical-networks business.

Delivery Hero SE shares dropped 1.4 percent. The German online food delivery
platform has announced that Marie-Anne Popp will take on the responsibility of
interim Chief Financial Officer (CFO), effective from 1st July 2024 after
current CFO Emmanuel Thomassin resigned with immediate effect to pursue other
opportunities.

Deutsche Beteiligungs shares plunged 6.5 percent. The capital market company
said it plans to issue convertible bonds due 2030 in an aggregate principal
amount of 100 million euros.

The bonds are convertible into new and/or existing no-par value registered
shares in the company.



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