Brussels– European stocks closed higher on Friday, with investors largely making cautious moves.
Investors also continued to weigh the near-term impact of the recent monetary policy announcements from the Federal Reserve and the Bank of England.
The pan-European Stoxx 600 climbed 0.91%, and closed the week with a 5.2% gain, its best weekly performance since the week that ended on November 6, 2020.
Britain’s FTSE 100 gained 0.28%, France’s CAC 40 moved up 0.17% and Germany’s DAX advanced 0.12%, while Switzerland’s SMI surged up 1.02%.
Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Ireland, Netherlands, Sweden and Turkey closed notably higher. Finland, Greece, Norway and Spain edged up marginally.
Iceland and Poland drifted lower, while Portugal ended flat.
Source: Saudi Press Agency