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Lufthansa issues profits warning as Q2 earnings fall
Deutsche Lufthansa on Friday slashed annual earnings estimates for a second time and also issued a profit warning as it struggled with higher costs and lower business demand.
Europe midday: Stoxx up on rate cut hopes; Big US banks in focus
European shares were higher on Friday, with sentiment buoyed by an unexpected fall in US inflation that raised hopes of a rate cut in September.
Asia report: Markets up on US data; Yen in focus on BoJ speculation
Asian share markets closed largely higher as a fall in US inflation boosted hopes of a rate cut in September by the Federal Reserve, but Japanese stocks fell sharply on speculation authorities intervened to support the yen.
Europe open: US CPI data boosts Stoxx
European shares opened higher on Friday, with sentiment buoyed by an unexpected fall in US inflation that raised hopes of a rate cut in September.
China exports rise by 8.6% in June, but imports fall
Chinese exports rose by a greater-than-expected 8. 6% in June year on year, while imports fell unexpectedly by 2. 3%, according to official data published on Friday.