European markets are mixed as investors monitored tense negotiations between the U.K. and the European Union.
London +0.05%. Britain’s GDP expanded by 6.6% in July, as the economy seeks to recover from the sharp downturn caused by COVID-19.
Germany -0.22%. German consumer prices in August fell 0.1% on month and remained flat on year in national standards.
Consumer prices fell 0.2% m/m and declined 0.1% on year in EU-harmonized standards.
The prices of goods decreased 1.3% in August y/y, mainly due to 6.3% price decline for energy products. Food prices were up 0.7% compared with prior year and services prices rose 1.0% on year in August.
The EU on Thursday urged the U.K. to abandon its plan to renege on the Brexit Withdrawal Agreement and threatened legal action, but Prime Minister Boris Johnson’s government has vowed to press ahead with its Internal Market Bill.