European stock benchmarks were mixed on Friday, hovering near seven-week highs, as oil prices gained.
The FTSE 100 edged up 0.02% to close at 6,916.02 in London. The Dax fell 0.27% at 10,713.43 in Frankfurt, and in Paris the Cac 40 edged down 0.08% to 4,500.19.
The EU's statistics arm confirmed an earlier release which showed eurozone second-quarter economic growth halved to 0.3% on the quarter, putting the annual growth rate at 1.6%, down from 1.7% in the first quarter. Earlier data from domestic statisticians showed better-than-expected 0.4% quarterly growth from Germany, but a surprise stagnation in Italy.
The euro was recently up 0.33% against the dollar at $1.1174.
West Texas intermediate was recently up 2.18 % at $44.44 a barrel. Brent Crude was up 1.63% at $46.79 a barrel. Europe's major oil producers, including BP (BP - Get Report) , Shell and Repsol were little changed, however.
Shipping giant Moeller-Maersk (AMKBY) rose 3.1% in Copenhagen despite a decline in second-quarter profit after the company said it would slash capital expenditure.
In Paris, LVMH (LVMUY) rose 1.5% after Credit Suisse analysts raised their price target, saying that investors appear to have accepted the French luxury goods maker's "tried and tested" defensive strategy and now typically seem to believe the stock is undervalued. Rival Kering (PPRUY) rose 1.8%, while L'Oreal (LRLCY) edged up only marginally.
In Frankfurt, Volkswagen (VLKAY) fell 1.9% on news of a 0.6% decline year-on-year in July in worldwide car deliveries.
On the FTSE 100 gold miner Randgold Resources (GOLD - Get Report) and silver producer Fresnillo (FNLPF) fell 0.9%as the prices of those commodities slipped earlier in the day. Anglo American (NGLOY) fell 2% and Glencore (GLNCY) slid nearly 1%.
Meanwhile, retailers led the market in London, with Marks & Spencer (MAKSY) up 2.9%, Tesco (TSCDY) up 1.8%, and Sainsbury (JSAIY) up 2.6%. Commercial broadcaster ITV (ITVPY) rose 1.4%. Analysts at Liberum Capital said the British media company remained their top pick as they think markets overreacted to the implication of the Brexit vote on advertising, and as they see limited earnings downgrade.
Mid-cap casual dining company Restaurant Group (RSTGY) surged almost 11% on news of the ouster of CEO Danny Breithaupt following an April profit warning and a collapse in its share price.
The yield on the 10-year German government bond was recently down 2 basis points at minus 0.11% and the U.K. 10-year yield fell 2 basis points to 0.52%.