It’s another quiet day on the Eurozone economic calendar, leaving stats from the U.S to provide direction late in the session.
French food group Danone on Thursday said that most of the proceeds from a $2 billion divestment of its stake in China Mengniu Dairy Company will be returned to shareholders through a share buyback programme, it said on Thursday. Danone, under pressure from investment funds over its shareholder returns, on Wednesday said it would sell its 9.8% stake in Chine Mengniu Dairy. Former Danone boss Emmanuel Faber was ousted as chairman and CEO this year after clashes with some board members over strategy and calls from activist funds for him to resign over the group's lacklustre returns compared with some rivals.
Strong US jobs numbers helped to ease fears about inflation in the world's largest economy.