European stock markets were mostly higher on Thursday.
While manufacturing PMI in France, Germany and the Eurozone as a whole came in below expectations, services PMI were firmer. German manufacturing PMI fell to 52.9 vs 54 expected, while Eurozone mfg PMI dropped to 52.5 against 53.2 forecasted.
On a quarterly basis UK GDP increased 0.8% in Q1, up from the 0.7% rise registered the previous quarter, according to data released. This result is in line with market consensus. Year-over-year GDP climbed 3.1% in Q1, as well as in Q4, as projected.
The Stoxx Europe 600 index rose 0.2% to 341.12.
France’s CAC 40 index fell 0.1%, while Germany’s DAX 30 index put on 0.2% and the U.K.’s FTSE 100 index rose 0.3%.
Shares of SABMiller PLC gained 3.8% after the brewer reported a slight increase in full-year profit.
Raiffeisen Bank International AG, picked up 3.9% after the company reported an increase in first-quarter profit.
On a more downbeat note, shares of Royal Mail PLC slumped 7.2% after the company said it faces a couple of headwinds, including intense competition on the parcels side.
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