FTSE 100, CAC 40, DAX

Germany’s economy failed to show any growth in the second quarter, according to official data. Analysts had expected the country to eke out a 0.1% increase in GDP.

Annually, Europe’s biggest economy contracted by an adjusted 0.2% on the year.

“The flash estimate of German GDP growth shows that the eurozone’s largest economy stagnated in the second quarter and seems to be stuck in the twilight zone between stagnation and recession,” ING’s Global Head of Macro Carsten Brzeski said in a note following the release.

He advised caution over the figures, given the number of recent revisions to flash estimates.

“Looking ahead, recently released sentiment indicators do not bode well for economic activity in the coming months,” Brzeski added.

“In fact, weak purchasing power, thinned-out industrial order books, as well as the impact of the most aggressive monetary policy tightening in decades, and the expected slowdown of the US economy, all argue in favour of weak economic activity.”

Spain’s economy meanwhile grew by 0.4% in the second quarter over the previous three months, preliminary data showed, expanding in line with expectations. On an annual basis, GDP came in at 1.8% for the country, falling short of predictions near 2%.

— Katrina Bishop

European stocks were seen opening in negative territory Friday, according to IG data.

The U.K.’s FTSE 100 was seen down 17 points at 7,694, with France’s CAC 40 lower by 25 points at 7,447 and Germany’s DAX down by 40 points at 16,366.

— Jenni Reid

Yields for 10-year Japanese government bonds stood at 0.539% after the Bank of Japan announced an adjustment in its stance for its yield curve control policy.

This is the first time 10-year JGB yields have hit this level since September 2014.

The BOJ said it will still allow yields to fluctuate in the range of around plus and minus 0.5%, but it will “conduct yield curve control with greater flexibility, regarding the upper and lower bounds the range as references, not as rigid limits, in its market operations.”

Separately, Japan’s central bank held its benchmark policy rate at -0.1%.

— Lim Hui Jie

Goldman Sachs has named a number of Chinese stocks to buy after authorities announced a number of major fiscal stimulus measures this week.

While structural growth concerns remain, the meeting “reaffirms our view that the policy put has been activated, and the window for a tactical bounce for Chinese stocks is now open,” Goldman analysts said in a July 26 research note.

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— Lucy Handley

Much of the market gains this year has been dominated by tech stocks.

Investors are wondering if the U.S. Federal Reserve is done raising rates after its 25 basis-point hike on Wednesday. Still, uncertainty looms ahead for the tech sector.

For those looking outside of tech, Morningstar data shows that non-tech or growth funds have also been among the top performing for the last five years.

Here’s the list, and their top holdings.

CNBC Pro subscribers can read more here.

— Weizhen Tan

Morgan Stanley has named three stocks to buy and three to sell as it revealed its cautious stance on the global office spaces sector.

The Wall Street bank has forecast an oversupply of office space that could last more than a decade while facing headwinds from the rise in working from home, increasing capitalization rates, and expensive refinancing challenges.

CNBC Pro subscribers can read more here.

— Ganesh Rao