Europe closes higher amid positive data
Major European stock exchanges closed with higher results on Friday. Traders seemed to be in a good mood throughout the day, likely due to the recent inflation data in the Eurozone which was at the lowest level for the past 23 months, which probably boosted traders' confidence. Additionally, consumer prices in France remained stable, while Germany's and Italy's readings revealed declines in the index.
The DAX gained 0.41% at 5:35 pm CET, with Commerzbank AG up by 11.08%. The CAC 40 added 0.26%, with Unibail-Rodamco-Westfield SE advancing 3.80%. The FTSE 100 rose 0.09%, as JD Sports Fashion plc jumped 4.80%. The pan-European Euro Stoxx 50 edged up 0.31% with Adidas AG gaining 6.22%.
The euro was up by 0.12% against the dollar at 5:28 pm CET, selling for $1.05784. In comparison, the pound was flat to go for $1.22042 at the same time.