At european stocks rose this Friday with gains in the industrial and financial sectors in the face of optimism with Chinabut worries about a recession ahead of a series of banks centrals pushed the pan-European STOXX 600 index into a weekly loss after seven weeks of gains.
O STOXX 600 closed up 0.84% at 439.13 points and ended a five-day losing streak largely due to concerns about an impending global recession due to sharp hikes in interest rates by central banks.
Next week will be crucial, with the monetary policy decisions of the Federal Reserveof central bank European and Bank of England🇧🇷
The ECB is set to raise interest rates by 50 basis points next week, according to a Reuters poll, after two 75-point hikes.
Industrial stocks such as Siemens AG and Schneider Electric SE provided the biggest boosts to the index, while China-exposed financials such as Prudential Plc rose 3.0%.
Banks ended their four-day losing streak and advanced 0.9%.
In London, the Financial Times index advanced 0.06%, to 7,476.63 points.
In Frankfurt, the DAX index rose 0.74% to 14,370.72 points.
In Paris, the CAC-40 index gained 0.46%, at 6,677.64 points.
In Milan, the Ftse/Mib index appreciated by 0.29%, at 24,277.49 points.
In Madrid, the Ibex-35 index was stable at 8,289.20 points.
In Lisbon, the PSI20 index appreciated by 0.11%, to 5,751.82 points.
Source: Moneytimes
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