(Il Sole 24 Ore Radiocor) - Milano, 13 mag - European share prices were mixed at midday, as optimism ahead of US president Donald Trump's visit to China and a wave of corporate earnings were balanced by cautious economic data.

Investors are closely monitoring the upcoming talks between Trump and Xi Jinping, hoping China might influence Iran to reopen the Strait of Hormuz, though the conflict in the Middle East shows little sign of easing.

Market participants are also weighing the latest energy outlook, as the IEA warned that the global oil market will likely remain in deficit until the fourth quarter of 2026.

This comes as US inflation accelerated to 3.8% in April, making near-term Federal Reserve easing unlikely.

On the data front, eurozone GDP increased by 0.1% quarter on quarter and 0.8% year on year in the first quarter of 2026.

Meanwhile, industrial production in the euro area rose 0.2% in March compared to the previous month, but fell 2.1% on an annual basis.

At 1007 GMT, London's FTSE 100 was up 0.29% at 10,294.81 points and Frankfurt's DAX gained 0.64% to 24,107.28 points, while in Paris the CAC 40 lost 0.28% to 7,957.54 points.

Milan's FTSE MIB was 0.53% higher at 49,250.50 points, whereas in Madrid the IBEX 35 was 0.06% lower at 17,563.09.

points.

(RADIOCOR) 13-05-26 12:13:59 (0355) 5 NNNN