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Lloyds Banking rose 2 percent after reporting a pre-tax profit

At 0711 GMT, the pan-European STOXX 600 was flat, Germany's DAX had gained 0.1 percent and France's CAC 40 was up 0.3 percent.


Reuters 01 Aug 2018, 07:40 AM

European shares were flat on Wednesday as a fresh batch of corporate earnings offset mixed signals on the U.S.-China trade conflict.

At 0711 GMT, the pan-European STOXX 600 was flat, Germany's DAX had gained 0.1 percent and France's CAC 40 was up 0.3 percent.

European financials were one the few sectors in the black after France's BNP Paribas reported forecast-beating second-quarter profits and saw its shares rise 0.6 percent.

Lloyds Banking rose 2 percent after reporting a pre-tax profit for the first half of 2018 jumped by 23 percent.

The travel and leisure index was also in positive territory as shares in Air France-KLM rose 7 percent after second-quarter results beat estimates.

Basic materials were the worst-performing sector, down 1.6 percent. Copper prices slid on reports the United States may propose a higher 25 percent tariff on $200 billion of Chinese imports. 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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