
Europe markets close higher as FTSE 100 extends best run since 2019
European stocks closed higher on Friday as earnings reports from the region were well-received despite ongoing trade uncertainty.
The pan-European Stoxx 600 index closed 0.35% higher. Regionally, Germany’s DAX was up by 0.8% and France’s CAC 40 rose by 0.45%. After briefly dipping into the red, the U.K.’s FTSE 100 closed up 0.1% for its tenth straight session in the green, extending its longest positive run since 2019.
Friday takes the Stoxx 600′s winning streak to four sessions.
Corporate earnings were in focus, with shares of jet engine maker Safran rising 4.3% after beating expectations. Meanwhile, defense contractor Saab AB reported first-quarter earnings that narrowly beat expectations, initially sending its shares sharply lower before trading up by 5%. Gains faded to just 0.16% by the market close.
In Asia, markets rose after Wall Street gained for a third straight day as tech stocks rallied, with investors assessing the trade climate as the U.S. tones down tariff rhetoric and China reportedly mulls suspending levies.
U.S. stocks however slipped on Friday morning following their winning run.
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