(Reuters) – European shares were little changed in early trade on Friday, as investors parsed through China trade data that came in at market open, an indicator of global economic growth, while a profit warning from Daimler knocked down auto stocks.
China’s yuan-denominated exports rose 6.1% in the first half of this year from a year earlier, while imports increased 1.4%, customs data showed, which resulted in a trade surplus of 1.23 trillion yuan ($178.94 billion) for the first six months.
The data comes after a spate of disappointing economic reports from around the globe, which showed that the global economy suffered from a protracted U.S.-China trade war that forced major central banks to take a more accommodative stance.
The pan-European stocks benchmark () was flat at 0712 GMT with auto stocks () down 0.6%.
Daimler (DE:) slipped 2.7% after the luxury carmaker warned investors it expected to swing to a second-quarter loss before interest and taxes of 1.6 billion euros.
Healthcare stocks () slipped as drugmakers resumed their slide after the White House said it was ditching a key plan to lower U.S. drug prices and raising the possibility of new measures focused on drugmakers.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.