European Stocks Post Best Week Since January on Strong Earnings
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European stocks posted the best weekly performance since January after investors responded positively to an earnings deluge and as key US inflation data met estimates.
The Stoxx 600 Index extended gains on Friday to close the week 1.7% higher. The Federal Reserve’s preferred core inflation gauge matched expectations, sparing traders the shock of another hot reading on price pressures. Almost all industry groups were in the green.