Major European stock indexes on Friday closed the bid growth, the pan-European index of the largest enterprises in the region Stoxx Europe 600 showed the best weekly dynamics since December 2016, follows from the data of the auction.
Following the auction, the German DAX index grew by 0.86%, to 12451.96 points, the French CAC 40 – by 1.13%, to 5281.58 points, the British FTSE 100 – by 0.83%, to 7294.7 points .
On Friday, European indices grew, following the dynamics of US exchanges on the previous day of trading and against the general background of recovery in the stock market.
As a result of trading on Friday, Stoxx Europe 600 increased by 1.1% to 380.61 points.
Over the week, the indicator added 3.3%, the best growth since December 2016.
The European market showed strong growth on the last trading day of the week. This shows that traders quickly adapted to the prospects of higher inflation and the possibility of a more “hawkish” Fed policy.
It’s worth remembering that the background has not changed: corporate profits remain high, and company forecasts are encouraging, ”City Index analyst Fiona Cincotta quoted MarketWatch as saying.
Danone shares rose 2.1% amid rising fourth-quarter sales. Eni papers went up 1%. Italy's largest oil and gas company increased its hydrocarbon production in December to 1.892 million barrels of oil equivalent per day, adjusted earnings doubled.