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European stocks closed higher on Friday, for the second consecutive session, on the back of an improved investors’ sentiment following a slew of positive economic data.
The STOXX Europe 600 index rose by 0.13%, its highest rise since May, to finish at 457.63 points, extending its weekly gains to 5.58 points, or 1.23%.
The pan-European index rose for five out of the past six weeks.
Meanwhile, the STOXX Europe 50 index ended the week higher by 0.57% at 3,545.17 points.
The German DAX leveled up by 0.12% and finished the week adding 159.93 points, or 1.04%, at 15,607.97.
The UK’s FTSE100 gained 0.37%, registering a weekly increase of 118.60 points, or 1.69%, closing at 7,136.07 points, after the Bank of England decided to hold interest rates unchanged, promising to keep an eye on the rising inflation rates.
On the other hand, the French CAC40 index finished lower by 0.12% at 6,622.87, limiting its weekly gain to 0.82%.
