European Shares Mixed Amid Earnings Deluge

European stocks were mixed on Friday as U.S. President Donald Trump warned of a major conflict with North Korea and investors digested a raft of corporate earnings reports.

Eurozone inflation accelerated more than expected in April, flash data from Eurostat showed, helping support underlying sentiment to some extent.

Inflation rose to 1.9 percent in April from 1.5 percent in March. Economists had forecast the annual rate to rise to 1.8 percent.

The pan-European Stoxx Europe 600 index was down 0.2 percent at 387.14 in late opening deals after declining 0.2 percent on Thursday.


The benchmark DAX was up 13 points or 0.11 percent at 12,457 in choppy trade after declining 0.2 percent in the previous session.

Bayer rose over 1 percent as the pharmaceuticals and chemicals giant confirmed its outlook for 2017, citing significant sales and earnings growth achieved by Covestro in the first quarter.

Linde shares dropped 1.5 percent. The industrial gases company warned once again that its revenue growth could decline in the year ahead due to challenging market conditions.

Deutsche Post DHL Group advanced 1.5 percent after the mail and logistics group confirmed its ambitious targets for fiscal 2017 and beyond.

German retail sales recovered in March amid revisions to the historical data, provisional data showed. Retail sales grew an annual 2.3 percent, offsetting February’s revised 2.3 percent fall.


The benchmark CAC 40 was adding 10 points or 0.20 percent at 5,282 after losing 0.3 percent the previous day.

European airline maker Airbus lost 1 percent, a day after posting a steeper than expected 52 percent drop in first-quarter profit.

Renault shares soared almost 4 percent after the carmaker reported a 25 percent rise in first-quarter revenue.

Sanofi rallied 2 percent. The drugmaker confirmed its earnings outlook for the year after reporting significantly higher profit in its first quarter.

French consumer spending decreased for the second straight month in March,…

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