European shares rise in early trading on its way towards the achieving the second weekly gain

European stocks rose during morning trade on Friday in the latest week's sessions on its way towards the second weekly gain in a row to achieve, after data showed the economy in Britain need for the central bank to expand stimulus policies to counter the effects of the separation of the country of the European Union.

The Dow Jones Stoxx Europe 600 index rose 0.3 percent by 9:31 am GMT, the index achieved a rise of more than one percent over the trading week on the way towards achieving the second weekly gain in a row.

Data released today in London showed exceptionally the need of the British economy to the Central Bank intervene quickly to face the consequences of the separation of the country of the European Union.

The manufacturing sector PMI index fell to 49.1 points in July from 52.1 points in June, the lowest pace since March 2013, and the services sector PMI fell during the same month to 47.4 points from 52.3 points in the first contraction since December in 2012, its biggest drop since the beginning of data recording in 1996.

Contraction of the main sectors for the British economy came by the fastest pace since the global financial crisis of 2008 -2009 following the voting in favor of the secession of the country of the European Union.

As for the most important European markets indicators euros Stoke 50 index rose 0.4 percent, and France's CAC 40 index increased by 0.4 percent, and Germany's DAX index added 0.2 percent, and in London's FTSE 100 rose 0.3 percent.