Skip to content

European Stocks Post Biggest Monthly Gain Since November 2020

Updated on

European stocks rose on Friday, posting their biggest monthly gain since November 2020 as investors turned optimistic about corporate earnings and bet that the Federal Reserve will slow rate hikes amid recession fears. 

The Stoxx Europe 600 Index was up 1.3% by the close in London, the highest level since June 8 and bringing the monthly advance to 7.6%. Financial services, energy and construction stocks led the advance, while healthcare underperformed. Banks also gained after a slate of better-than-expected results from Banco Bilbao Vizcaya Argentaria SA and BNP Paribas SA.