European stock markets continued their sustained ascent on Friday, reaching new highs. They were buoyed by the positive outlook for central bank policies and economic recovery in Europe.
European stock markets continued their ascent on Friday, setting new records.
The Paris Bourse continued its upward momentum with a sixth consecutive gain (+0.42%) on Friday morning. The CAC 40 index rose to 8,221.78 points at around 9:15 a.m., approaching its highest level since March 28 at 8,253.59 points.
At around 2 p.m., it stood at 8,249.02 points (+0.75%). In the first four sessions of the week, the CAC 40 was up 2.89%, marking its best weekly performance since the end of January 2024.
On the bond market, French bond yields fell, reflecting the trend observed at the end of the US session on Thursday. The 10-year yield stood at 2.95%, down from Thursday’s closing rate of 2.98%.
Rebound in the UK
In Frankfurt, the DAX climbed 0.34%, while London was up 0.35%, both stock markets reaching new session highs.
This trend was reinforced by the UK’s economic rebound, which saw stronger-than-expected growth in the first quarter, according to data released on Friday.
The British archipelago emerged from technical recession with first-quarter economic growth of 0.6%, beating economists’ expectations of 0.4%.
Milan buoyed by Ferrari
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