European shares notch ninth straight week of gains; Italy, UK, Germany shares shine [Reuters]
GRIFOLS SA S/ADR (GIKLY)
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Source: Reuters
The pan-European STOXX 600 index (.STOXX) , opens new tab ended flat but notched its ninth straight weekly gain after logging another intraday all-time high earlier in the day. Losses in rate-sensitive technology shares (.SX8P) , opens new tab and the personal and household goods index (.SXQP) , opens new tab , which tracked overnight weakness in Chinese markets, were offset by gains in defensive utility (.SX6P) , opens new tab and real estate (.SX86P) , opens new tab shares. Britain's FTSE 100 (.FTSE) , opens new tab rose 0.6% to a one-year high of 7,930 points. British retail sales unexpectedly held steady in February despite wet weather hitting in-store sales, adding to signs of recovery from last year's mild recession. "The 8,000 mark is now within reach as investor money finally heads to the undervalued UK stock market despite retail sales unexpectedly falling flat," said Axel Rudolph, senior market analyst at online trading platform IG. German stocks firmed 0.2% after
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