Some European bourses add to gains after the IFO index improves more than expected and following...

|By:, SA News Editor

Some European bourses add to gains after the IFO index improves more than expected and following sharp losses earlier in the week. Asian shares were mixed in the wake of poor overnight economic data from Europe, with China closing sharply lower for the week as the government tightens monetary and housing policy. Japan +0.7%, Hong Kong -0.5%, China -0.5%, India +0.3%. EU Stoxx 50 +1.1%, London +0.7%, Paris +1.3%, Frankfurt +0.7%, Milan +1%, Madrid +0.9%.