European Stocks Rebound to Recover Most Weekly Losses

European stocks rebounded on Friday, recovering from their recent losses that resulted from fears regarding economic recovery, amid an improvement in the risk sentiment among investors.

The STOXX Europe 600 index gained 6.06 points, or 1.34%, to close at 457.67 points.

This marked the biggest index for the pan-European index since May 5, turning to a weekly rise of about 0.86 points or 0.19%.

In Germany, the DAX index surged by 1.55%, finishing the week higher by 0.24%, while the UK’s FTSE100 closed the week nearly unchanged after gaining 1.30% today.

Meanwhile, the French CAC40 index failed to recover from its weekly losses despite rising by 2.07%, declining by 0.36% for the week.