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STOXX RISES ON EASING TRADE TENSIONS, Q1 RESULTS MIXED
Europe's STOXX 600 .STOXX is adding 0.4% on Friday, putting it on track for a weekly gain of 2.8% as aerospace and defence names lead gains while telecoms are providing a drag.
Traders are digesting the latest U.S.-China trade developments after news that China granted some exemptions on U.S. imports from its 125% tariffs.
On specific stocks, British transport company Mobico MCG.L is the UK's biggest faller, shedding 25% after saying it will sell its North America school bus unit for up to $608 million.
Meanwhile shares in Dutch speciality chemicals maker IMCD IMCD.AS are a top riser in Europe, up 6.2% after some solid Q1 results, and fertiliser maker Yara International is also near the top of the index, up over 6% after an ebitda beat.
On the flipside, French tech consulting and engineering services company Alten
Shares in Swedish property platform operator Hemnet HEM.ST are dropping 8.7% after the company posted Q1 results below expectations.
(Lucy Raitano)
FOR FRIDAY'S OTHER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL: FUTURES TICK UP AS TRADERS EYE EASING US-CHINE TENSIONS CLICK HERE
FOCUS ON EARNINGS WHILE US AND CHINA QUIBBLE CLICK HERE