European shares saw gains as Kering shares rose on management changes and London stocks increased on faster-than-anticipated British inflation slowdown. French luxury goods firm Kering climbed 5.9% after Jean-Francois Palus was named Gucci s new CEO;a move that caused shares in Europes real estate to rise by 3.1%.
U.K. stocks were subdued on Wednesday as Chinese trade figures disappointed and Halifax reported the first year-on-year decline in U.K. house prices since 2012, spurring fresh concerns about the economic outlook.
U.K. stocks declined on Tuesday after data from the British Retail Consortium showed British retail sales growth slowed to a seven-month low in May as a result of rising food costs.
U.K. stocks rose on Friday as a weaker dollar on Fed pause hopes and easing U.S. debt default worries boosted commodity prices. The benchmark FTSE 100 was up 65 points, or 0.
U.K. stocks traded lower on Wednesday as lower commodity prices on the back of disappointing manufacturing data from China pulled down mining and energy stocks. Traders also watched the latest developments surrounding the U.