European stocks
European stock indices rose during Friday’s trading, posting strong weekly gains, despite the slight progress in Russia and Ukraine talks.
This week saw the Federal Reserve’s decision to raise the interest rate by 25 basis points to the range between 0.25% and 0.50%, with expectations of six additional rate hikes this year.
The Bank of England also decided to raise the interest rate by 25 basis points to 0.75%, which is the third rate increase decided by the Bank in a row.
At the conclusion of the session, the benchmark “Stoxx Europe 600” index rose 0.9%, or 4 points, to 454 points, and achieved a weekly gain of 5.3%, the largest since November 6, 2020.
The British “FTSE 100” rose 0.3% to 7404 points, the German “Dax” rose 0.2% to 14,413 points, while the French “CAC” rose 0.1% to 6,620 points.
