European Stocks Close Higher Amid Anticipation of Trump-Putin Summit

European stocks experienced a mostly positive close this Thursday, as investors worldwide turned their attention towards the upcoming summit between US President Donald Trump and Russian President Vladimir Putin. The meeting, scheduled for 11:30 am local time on Friday in Alaska, has sparked significant interest among market participants.

Economic Data Provides Mixed Signals

The Eurozone's gross domestic product saw a modest increase of 0.1% in the second quarter, offering some optimism. Notably, Belgium's BEL 20 index reached an all-time high, showcasing strong performance. However, not all indicators were positive, as industrial production within the bloc declined by 1.3% in June, highlighting ongoing challenges.

Market Performances Highlighted

Key indices such as the CAC 40 and DAX advanced by 0.74% and 0.76% respectively, with companies like Airbus and Rheinmetall leading the gains. Ferrari stood out as the best performer, with its shares increasing by 3.78%. In contrast, London's FTSE 100 remained flat, indicating a more cautious stance among investors there.

Currency markets also saw movements, with the euro and pound both losing ground against the dollar by late afternoon CET, further emphasizing the day's mixed economic signals.