European stock exchanges end Friday on high notes | MENAFN.COM

Monday, 05 December 2022 12:57 GMT

European stock exchanges end Friday on high notes


(MENAFN) On Friday, the final trading day of the week, European stock exchanges finished higher.

The FTSE 100 index in the United Kingdom increased 0.18 percent to hit 6,893.81 points, while the STOXX Europe 600 index, which represents around 90 percent of the market capitalization of the 17 nations that make up the European market, increased 1.3 percent to reach 387.85 points.

The DAX 30 index in Germany rose by 1.16 percent to hit 12,114.36 points, and the CAC 40 index in France soared by 1.51 percent to reach 5,762.34 points. On the other hand, the FTSE MIB 30 index for Italy increased by 1.45 percent to hit 20,648.85 points.

According to official figures released on Friday, the Eurozone’s inflation rate reached double digits in September and set a new high of 10 percent. The percentage increased from 3.4 percent in September last year and 9.1 percent in August last year. Moreover, in comparison to the first quarter of the current year, the United Kingdom GDP grew by 0.2 percent in the second quarter.

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