European stocks marked their best week since mid-March and ended this Friday (27) higher, after upbeat US data and moderation in bets on aggressive rate hikes boosted sentiment.
The pan-European STOXX 600 index rose for a third straight session and closed up 1.42% at 443.93 points, taking its weekly gains to 3%.
Tech stocks led the gains across sectors and gained 3.3%, while industrial and luxury stocks were among the biggest boosts for the STOXX 600.
A rally on Wall Street stemming from some strong retail and tech earnings and upbeat consumer spending data for April helped alleviate some of the worries about a slowdown in economic growth that have roiled markets this week. Data also showed that US inflation slowed last month.
Banks shone this week, up 6%, as major central banks remain on track to raise interest rates.
The STOXX 600 is on track to end May lower, which would leave March as the only month it has advanced this year.
- In LONDON, the Financial Times index advanced 0.27% to 7,585.46 points.
- In FRANKFURT, the DAX index rose 1.62% to 14,462.19 points.
- In PARIS, the CAC-40 index gained 1.64% to 6,515.75 points.
- In MILAN, the Ftse/Mib index appreciated by 0.37%, at 24,636.26 points.
- In MADRID, the Ibex-35 index registered a rise of 0.50%, to 8,933.60 points.
- In LISBON, the PSI20 index depreciated by 1.02%, to 6,240.72 points.
Source: CNN Brasil
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