European stocks close higher with record weekly gains

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Brussels

Major indices in European stock exchanges closed Friday higher with five of them hitting new records during the session, as they posted weekly gains between 1.1% and 2.5%.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, saw a new record high of 476.16 before closing at 475.83 points with a 0.21% daily gain. The index rose 1.24% for the week.

London’s FTSE 100 saw a new all-time high of 7,224.46 earlier in session, before ending day at 7,218 points for a 0.35% rise. It jumped 1.34% this week.

Germany’s DAX 30 was up 0.25% to 15,977 after seeing a fresh all-time high of 16,030.33 earlier during session, as it posted a weekly increase of 1.37%. The French CAC 40 renewed its record with 6,913.67. It was at 6,896 points at final bell for a daily gain of 0.2%, while it rose 1.16% this week. Italy’s FTSE MIB was up 0.36% at 26,652 points after posting a new all-time high of 26,687.97.—Agencies

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