Europe Markets: European stocks log best weekly gain in 3½ months as banks gets a bump from ECB [MarketWatch]
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Source: MarketWatch
European stocks log best weekly gain in 3½ months as banks gets a bump from ECB European stocks finished sharply higher Friday, helping the pan-European benchmark produce its best weekly gain since early November, as investors cheered signs of progress on a U.S.-China trade deal. Upbeat corporate quarterly results and a comments from an ECB official helped to fortify gains on the day. The Stoxx Europe 600 SXXP, +1.41% climbed 1.4% to close at 368.94, booking a weekly gain of 3%, marking its best weekly climb since the week ended Nov. 2, according to Dow Jones Market Data. Within the region, France’s benchmark CAC 40 PX1, +1.79% index was the best performer, rising 1.8% to end at 5,153.19, representing its highest close since Oct. 16. For the week, the CAC surged 3.9%, marking its best weekly gain since Feb. 16, 2018. Germany’s DAX DAX, +1.89% rose 1.9% to 11,299.80, and climbed 3.6% for the week—its best weekly rise in 11 months, and the U.K.’s FTSE UKX, +0.55% climbed 0.6
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