London (UKX) -0.15% to 9,295, following a record close above 9,300 the previous day. Germany (DAX:IND) -0.13% to 24,268. Germany's GDP expands 0.2% Y/Y in Q2 France (CAC:IND) +0.11% to 7,946. France’s business climate indicator held steady at 96 in August.

An update on Thursday confirmed those details, and revealed that pharmaceuticals exported from the EU to the U.S. will see tariffs capped at 15%. That alleviated some concerns, as U.S. President Donald Trump had previously threatened to slap the sector with tariffs as high as 250%.

The U.S. will impose a 15% tariff on imports of European cars, pharmaceuticals and other products, according to a joint statement announced Thursday by the Trump administration and European Union.