European Stocks Close Mixed but Rise for the Week

European stocks closed mixed on Friday, amid anticipation for a wider rollout of Coronavirus vaccines.

The pan-continental STOXX Europe 600 index closed unchanged, but logged weekly gains of 3.45%, supported by the improved risk sentiment that helped Wall Street score new record highs, as well as the positive performance by the Italian market as a new government is set to be formed.

The French CAC40 index rose by 0.90%, while the German DAX finished marginally lower by 0.03%.

Meanwhile, the UK’s FTSE100, the main index of the London Stock Exchange (LSE), ended Friday’s session down by 0.22%.