European Stocks Extends Weekly Gains to Best Since November 2019

European stocks showed  a mixed performance on Friday, but managed to lock another weekly rise to score its longest streak of weekly gains since November 2019.

Positive expectations regarding economic recovery in the Eurozone weighed off concerns about the slow rollout of coronavirus vaccines.

The pan-European STOXX 600 finished almost unchanged, rising marginally by less than a single point, hitting a new a record high for the second day in a row at 437.23.

The French CAC40 and the German DAX indices rose by 0.06% and 0.21%, respectively.

Meanwhile, the UK’s FTSE100 declined by 0.38%.