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The Economic Times
The Economic Times
Business

Europe's STOXX 600 clocks best week in over a month as rally broadens

Euro Europe Inflation United States Germany

Europe's benchmark STOXX 600 hit an intraday record high on Friday and logged its biggest weekly jump in over a month, underpinned by gains in cyclical stocks and investors pushing back on expectations for an imminent U.S. interest rate hike.

The pan-European STOXX 600 hit another ‌high of 652.35 and ⁠closed ⁠0.7% higher on Friday, registering its sharpest weekly jump since mid-May. Germany's DAX index also notched an all-time high and closed up 0.8%.

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