DAX, CAC 40 finish week at all-time highs

Friday, 16. April 2021 17:30

Major European stock markets ended the last trading session of the week higher with the focus on today's data and earnings. Eurostat reported yearly consumer inflation in the Euro area was 1.3% in March, while the bloc's trade surplus in February fell by 27% to €18 billion. Meanwhile, Italian Prime Minister Mario Draghi said the government will ease the coronavirus restrictions from April 26. European Commissioner for Economy Paolo Gentiloni expressed support for the digital euro initiative.

Both the DAX and the CAC 40 closed at record highs. The German index gained 1.34%, with Siemens AG jumping 4.26%. In France, ArcelorMittal S.A. was the best performer, helping the CAC advance 0.85%. The FTSE 100 was 0.52% in the green, finishing above 7,000 points for the first time since February last year. Evraz plc grew 3.65%.

The euro and the pound rose 0.10% and 0.26% against the greenback at 5:29 pm CET, selling for 1.19808 and 1.38233 dollars respectively.

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Breaking the News / MD