European Stocks Rise to Record as Tech Shares Gain on U.S. Data
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European equities surged to a record on Friday, with the technology sector leading the advance, as weaker-than-expected U.S. jobs data eased concerns about faster inflation and that stimulus measures may be scaled back.
The Stoxx Europe 600 Index climbed 0.9% at the close, with most sectors in the green. Tech shares rose 2.2%, while travel shares outperformed too. Miners rallied with base metals.