European stocks close higher with record weekly gains


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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