The French market erased early losses and is in positive territory in afternoon trading Friday, after lower than expected fall in second-quarter revised economic growth in the U.S. lifted sentiment.
Crude for October delivery is trading down $0.26 at $73.10 per barrel and December gold is currently at $1241.8 an ounce, up $4.1 from the previous close.
In economic news, Germany's import price inflation continued to rise in July, a report by the Federal Statistical Office showed. The import price index rose 9.9% year-on-year in July, faster than 9.1% in the previous month. Economists had expected an increase of 9.7%.
In the U.K., second-quarter economic growth was revised up. The economy grew 1.2% sequentially in the second quarter, revised up from 1.1%, the Office for National Statistics said. It was the biggest expansion since the first quarter of 2001. GDP was 1.7% higher than the second quarter of 2009.
Consumer prices in Japan were down 1.1% on year in July, falling for the 17th consecutive month, the Ministry of Internal Affairs and Communications said. The reading came in line with expectations following the 1% decline in June.
In the U.S., economic activity in the second quarter expanded by far less than previously estimated, according to a report released by the Commerce Department. The Commerce Department said GDP growth in the second quarter was downwardly revised to 1.6% from the advance estimate of 2.4%. Economists had been expecting second quarter GDP growth to be revised down to 1.4%.
The CAC 40 opened below the unchanged line at 3,460 and remained in negative territory until the early part of the afternoon session. The index is currently gaining 0.67%.
The winners are led by media giant Vivendi, which is rising 2.96%. Heavy construction firms Vinci and Bouygues are gaining 2.51% and 1.17%, respectively.
Grocery retailer Carrefour, France Telecom and Suez Environnement are making notable gains.
Banks Credit Agricole is adding 0.93% and Societe Generale is rising 0.54%. However, Dexia is down 0.02% and BNP Paribas is losing 0.17%.
Car maker Peugeot is gaining 0.53%, while Renault is slipping 0.46%.
Airplane maker EADS is declining 3.62% and contact lens manufacturer Essilor International is losing 2.17%. Chip maker STMicroelectronics is retreating 1.72% and media firm Lagardere is falling 1.26%.
Overseas, most stock markets across the Asia-Pacific ended in positive territory. Australia's All Ordinaries added 0.33%, China's Shanghai Composite Index gained 0.28% and Japan's Nikkei 225 gathered 0.95%. However, India's BSE Sensex bucked the uptrend and dropped 1.25%.
The U.S. futures indicate a slightly higher open on Wall Street. In the previous session, the Dow fell 0.7%, the Nasdaq slid 1.1% and the S&P 500 declined 0.8%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.