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[hfe_template id='11223'] [ad_1] European stocks rallied on Friday, with German equities leading gains after the country's political parties agreed a historic deal to ramp up state borrowing. The pan-continental STOXX 600 climbed 1.1%. Germany's benchmark index gained 1.9%, while mid-caps advanced 2.4%. Small-caps climbed 3.3%. Conservative chancellor-in-waiting Friedrich Merz said he had secured the crucial backing of the Greens for a massive increase in state borrowing, clearing the way for the outgoing parliament to approve it next week. "Today's political deal should have ensured a two-thirds majority in the parliament at next Tuesday's vote. Nevertheless, the chance of a surprise failure is still not zero," said Carsten Brzeski, ING's global head of macro. "Regardless, the chances of a cyclical rebound on the back of positive sentiment effects and later actual spending, have clearly increased." Live Events Sectors expected...

[hfe_template id='11223'] [ad_1] Europe's STOXX 600 ended the week on a high note, bolstered by a rally in tech stocks, while investors analysed the euro zone inflation report to assess the likelihood of a larger interest rate cut in December. The pan-European main stock index reversed earlier losses and was up 0.6% at 510.25 points on Friday, logging its first monthly gain since August. It rose 1% in November. On a weekly basis, it logged a modest 0.2% decline. Technology stocks were the biggest boost to the index, gaining 1.6%. Trading volumes were expected to be low, with the U.S. equity market open for half a day following the Thanksgiving holiday on Thursday. Euro zone flash inflation rose to 2.3% on a yearly basis in November, in line with forecasts. Markets are now pricing in a more than 80% chance of a 25 basis-point cut at the European Central Bank's meeting on December 12. Capital Economics' analysts think the case for a 50 basis point cut still ...

[hfe_template id='11223'] [ad_1] Europe's STOXX 600 ended higher on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while the European Central Bank's rate cut and a flurry of corporate earnings helped the index deliver a second straight week of gains. The STOXX 600 closed up 0.2% as the tech sector led gains with a 2% jump. That cut the weekly loss for the tech index to 6%, but it remained the worst-performing sector this week after ASML's weak 2025 sales forecast sparked a rout in chip stocks globally. The computer chip equipment maker's shares were up 1% on Friday, while chip stocks Soitec SA and BE Semiconductor Industries were up 5.6% and 2.8%, respectively. Basic resources shares climbed 1.4%, boosted by strong copper prices. The luxury stocks index rose 1.1% after a sell-off earlier this week following LVMH's weak third-quarter sales. With LVMH, other luxury giants such as Gucci-owner Kering and Hermes rose 3.5% and ...

[hfe_template id='11223'] [ad_1] European stocks reversed early losses and ended Friday at more than a one-week high as investors shifted their focus to updates on China's stimulus plans, corporate earnings and an interest rate decision by the European Central Bank. The continent-wide STOXX 600 index ended up 0.5%, and was on track for weekly gains of 0.6%. Markets closed a volatile week that saw Shanghai markets drop on uncertainty around policy support, oil prices spike on Middle East tensions and U.S. data raise doubts about sustained cooling of inflation. Britain's FTSE 100 edged up 0.2%, while Germany's DAX and Spain's IBEX closed up 0.7% and 0.5% respectively. "We're now in that limbo phase where economies are not expecting to plunge into recession, rates are still high, there's no clear path on interest rate cuts and earnings have been resilient, but again the expectations were pretty low," said Daniela Sabin Hathorn, senior mar...