European stocks
European stock indices rose during Friday’s trading, recording weekly gains, as the markets assessed the rising inflationary pressures.
The President of the European Central, “Christine Lagarde” had stated that the bank may resort to raising interest rates by next summer to face inflation.
Government data revealed that the industrial production index in the euro zone fell by 1.8% in March.
At the end of the session, the benchmark “Stoxx Europe 600” index rose by 2.1%, or 9 points, to 433 points, and recorded weekly gains of 0.8%. The British “FTSE 100” rose 2.5% to 7,418 points, the German “Dax” rose 2.1% to 14,027 points, while the French “CAC” rose 2.5% to 6362 points.
