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European stocks close higher with records, post 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%, according to data compiled by Anadolu Agency.

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 the session, before ending the 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 the 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. Among European indices, it had the best weekly gain of 2.5%.

Spain’s IBEX 35 was the only major index that did not reach a record high during trading hours on Friday, but it was up 0.23% at 8,999.80 at the close. The index increased 1.36% this week.

US indices were still strong after a record opening on Friday, except Nasdaq.

The Dow Jones was trading at 35,535 at 12.45 p.m. EDT (1645GMT) with a 0.1% daily gain after hitting a record high of 35,610.57 points with the opening bell on the New York Stock Exchange.

The S&P 500 climbed to a new all-time high of 4,468.37 at the opening as well, but it was at 4,463 for less than a 0.1% increase.

The Nasdaq, on the other hand, was down 5 points, to 14,811 at the time.

Source: Anadolu Agency