European stocks close Friday with gains

European stock markets ended the last trading day of the week with gains on Friday.


The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, went up 1.3% to 387.85 points, while UK’s FTSE 100 index rose 0.18% to 6,893.81 points.


Germany’s DAX 30 index increased 1.16% to 12,114.36 points, and France’s CAC 40 index went up 1.51% to reach 5,762.34.


Italy’s FTSE MIB 30 index went up 1.45% to 20,648.85 points.


Eurozone inflation hit double digits in September, reaching a fresh record of 10%, official data revealed on Friday. The figure climbed from 9.1% in August and 3.4% in September 2021.


The UK’s economy expanded 0.2% in the second quarter of this year versus the first quarter.


Meanwhile, the EU energy ministers agreed on Friday on taxing the revenues of energy companies and reducing energy consumption during peak hours.


Source: Anadolu Agency