The European markets are up, the Stoxx 600 is heading for the seventh consecutive week of profits

European stock markets are moving positively on Friday, with indices heading for the seventh consecutive week of gains, boosted by strong corporate results and estimates that the European Central Bank will not rush to withdraw stimulus measures despite the rally of inflation the last months.

On the board, the pan-European STOXX 600 index rose 0.4% to 489.73 points.

The German DAX also gained 0.4% to 16,281.39 points, the French CAC-40 strengthened 0.5% to 7,181.03 points, while the British FTSE 100 rose 0.4% to 7,285.76 points.

In the region, the Italian FTSE MIB rose 0.4%, while the Spanish IBEX-35 gained 0.5%.

The particularly easing direction of the ECB and a strong period of corporate profits fueled the upward rally of recent weeks that led the indices to new all-time highs in recent days.

In business developments, the French luxury goods group Hermes jumps 3.7% to a record high amid reports that it may be added to the Eurostoxx 50 index as part of its December review.

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