European Stocks Close Friday at New Record High

European stocks finished higher on Friday, supported by an improved investors’ sentiment due to positive economic data and earnings reports.

The STOXX Europe 600 index rose by 0.9%, closing the week at a new record high of 444.93 points, as the tech sector gained 2.1%.

For the week, the pan-European index rose by 1.7%, registering its best weekly performance in a month.

Meanwhile, the UK’s FTSE100 index leveled up by 0.76%, while the German DAX surged by 1.34%

In France, the benchmark index CAC40 finished higher by 0.45%.