European Stocks Rise on U.S. Stimulus Optimism, Company Updates
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European equities rose on Friday, posting a second consecutive weekly gain amid U.S. stimulus optimism and positive corporate guidance updates.
The Stoxx Europe 600 index closed 0.6% higher, led by travel and leisure, and tech shares. U.S. President Donald Trump approved a revised stimulus offer after walking away from talks earlier this week, his top economic adviser said, after the European market close. Stocks had rallied earlier on speculation Trump was leaning toward a large-scale stimulus bill.