11:59 AM EDT, 07/30/2025 (MT Newswires) -- The European stock markets closed mixed in Wednesday trading as The Stoxx Europe 600 edged 0.01% lower, Germany's DAX rose 0.23%, the FTSE 100 was off 0.07%, France's CAC gained 0.13%, and the Swiss Market Index declined 0.23%.

Seasonally-adjusted Q2 GDP increased 0.1% in the euro area and 0.2% in the EU compared with the previous quarter, according to preliminary estimates from Eurostat, the statistical office of the EU.

Compared with the year-earlier quarter, seasonally-adjusted GDP grew 1.4% in the euro area and 1.5% in the EU.

In Germany, GDP contracted 0.1% in Q2 compared with Q1, adjusted for price, seasonal, and calendar effects, according to preliminary data from the Federal Statistical Office. The GDP was unchanged from Q2 2024.

In France, GDP grew 0.3% in Q2 from 0.1% in Q1, according to the Institute of Statistics and Economic Studies.

In Spain, annual inflation in July was 2.7%, compared with 2.3% in June, according to the Spanish Statistical Institute. The rise in inflation was attributed to higher electricity and fuel prices.

And in corporate news, UBS reported Q2 earnings Wednesday of $0.72 per diluted share, up from $0.34 a year earlier. Analysts polled by FactSet expected $0.68.

Total revenue for the quarter ended June 30 rose to $12.11 billion from $11.90 billion a year earlier. Analysts surveyed by FactSet expected $11.57 billion.

Shares of the Swiss bank were up more than 1% in Zurich.

HSBC said Wednesday that HSBC Private Bank Suisse is being investigated by Swiss and French law enforcement authorities for alleged money laundering in connection with "two historical banking relationships."

The lender said any possible impact on the company "could be significant" but based on the known facts right now, "it is not practicable...to predict the resolution of these matters."

Shares of HSBC fell 4.5% on the FTSE 100 in London.

Spanish telecommunications operator Telefonica may expand its defense business outside Spain with a focus on securing EU and NATO contracts as military spending climbs, Bloomberg reported Wednesday, citing an interview with Executive Chairman Marc Murtra.

Murtra also said that Telefonica can offer capabilities to "allied countries, whether within the European Union, within NATO or beyond," according to the report. "We believe there will be European coordination to ensure there is no duplication of capabilities among allies."

Shares of Telefonica closed more than 1% lower in Madrid trading.