BRUSSELS (Alliance News) - The euro showed mixed performance against its key counterparts on Friday's European session after the release of Eurozone economic sentiment index for June. Eurozone economic confidence weakened unexpectedly in June from a 34-month high in May, survey results from European Commission showed today. The economic sentiment index fell to 102 in June from revised 102.6 in May. It was forecast to rise to 103. The decline resulted from a deterioration in industry, construction and, to a lesser extent, consumer confidence. Consumer confidence slid in June owing to more cautious assessments of future unemployment and future savings, which were only partly offset by a moderate improvement in consumers' expected financial situation. Consumer confidence came in at -7.5 in June, down from the flash estimate of -7.4 and -7.1 in May. The leaders of EU are meeting in Brussels, where they are expected to nominate former Luxembourg PM Jean-Claude Juncker as European Commission President. UK Prime Minister David Cameron opposes the move, accusing Juncker for lack of reforms in the union. Even though the euro advanced to 1.3634 against the greenback in early deals, it eased back in a short while and held steady thereafter. The pair was valued at 1.3609 at Thursday's close. Having risen to 0.8005 against the pound at 3:00 am ET, the euro pared gains slightly in subsequent deals. The euro-pound pair that ended yesterday's deals at 0.7985 was trading at 0.7997 during European deals. UK economy expanded as estimated in the first quarter, revised data from the Office for National Statistics showed today. Gross domestic product grew 0.8% from the fourth quarter, unrevised from the second estimate released on May 22. At the same time, annual growth was revised down to 3% from 3.1%. The euro ticked down to 138.01 against the yen from an early high of 138.44. The next possible downside target for the euro is seen around the 137.00 zone. The pair was quoted at 138.37 when it closed deals yesterday. Nationwide consumer prices in Japan were up 3.7% on year in May, the Ministry of Internal Affairs and Communications said - in line with expectations and up from 3.4% in April. Core CPI, which strips out the volatile prices of food, was up 3.4%. The euro rose to 1.2165 against the Swiss franc, following an 8-day low of 1.2154 hit at 12:20 am ET. On the upside, 1.225 is seen as next resistance level for the euro. A measure of the future situation in the Swiss economy rose in June after three straight months of decline, figures from the Swiss Economic Institute KOF showed. The KOF economic barometer rose to 100.4 in June, more than the consensus estimate of 100. In May, the indicator was at 100.1, revised up from 99.8. Looking ahead, German preliminary CPI for June is to be released at 8:00 am ET. The Reuters/University of Michigan's final consumer sentiment index for June and Canada's industrial product price index for May are set for release in the New York session.

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