Europe’s Stocks Log Worst Weekly Performance in Six Months

European stocks rose on Friday but failed to recover from its biggest weekly losses since late February.

The STOXX Europe 600 Index added 1.56 points, or 0.33%, in its biggest daily rise since August 11, to close at 468.80 points, snapping a four-week rising streak with a weekly loss of 1.48%.

The German DAX rose today by 0.27% but finished the week with a 1.06% loss.

In France, the benchmark index CAC40 rebounded by 0.31%, but lost 3.91% for the week, logging its worst weekly drop since late October 2020.

In London, the FTSE100 index finished Friday higher, concluding a negative week after varied reactions to economic data, gaining 0.41%, but closing lower for the week by 1.81%.

Earlier, data showed the UK retail sales decline in July but increased on a quarterly basis.