European Stocks Finish Week at New Record High

European stocks finished higher on Friday for the fourth consecutive session, extending their weekly gains and hitting a new all-time high amid an improvement in risk sentiment among investors.

The STOXX Europe 600 index surged by 4.98 points or 1.09% to close at a record 461.51 points.

For the week, the pan-European index has gained 1.49%, registering its best weekly performance since May 7.

The French CAC40 index added 1.35% today, extending its weekly rise to 1.68% and snapping a three-week declining streak, while the UK’s FTSE100 registered a 0.28% weekly increase.

The German DAX rose by 1% today, finishing the week higher by 0.83% at its highest level since July 14.