European Markets Skittish After Discouraging Euro Zone GDP

(RTTNews) - European stocks ended a rough week with another loss Friday, as disappointing euro zone GDP figures raised further concerns about the health of the global economy.

Euro zone gross domestic product growth slowed to 0.3 percent from 0.4 percent in the first quarter, missing economists' forecasts of a 0.4 percent gain. Annual inflation was 0.2 percent, in line was estimates.

Meanwhile, lawmakers in Greece approved the country's third bailout program.

Markets were still reeling from China's shock currency devaluations earlier in the week.

Chinese goods instantly became cheaper to foreign buyers, meaning European and U.S. manufacturers could struggle in certain sectors.

The Euro Stoxx 50 index of eurozone bluechip stocks fell 0.62 percent, for a weekly loss of nearly 4 percent.

German stocks had their worst week in a few months.

The German DAX lost 0.27 percent, the French CAC 40 lost 0.61 percent, the FTSE 100 index of the U.K. gave back 0.27 percent.

Glencore said it raised almost $290 million from the sale of its Tampakan copper project in the Philippines. Shares fell 2.2 percent.

Commerzbank has reportedly agreed to settle a dispute with former management board member Ulrich Siebe for almost $3 million. The stock fell 2 percent.