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European Stocks Hit New Record High

M. Ali 28 May, 2021 8:48 pm Global Stock Market, Market Update

European stocks rose on Friday, closing at a new record high, and registering weekly and monthly gains.

The rise in European stocks was supported by an improved investors’ sentiment, following recent positive economic data.

The German benchmark DAX and the French CAC40 indices closed higher by 0.74% and 0.75%, respectively.

Meanwhile, the UK’s FTSE100 index finished marginally higher by 0.04%, with the recent hawkish tone expressed by the Bank of England.

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