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European Stocks Rise on Oil Demand, Chinese Data in Focus

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ENERGY,INVESTMENT,ECONOMY

European markets saw gains on Friday, driven by rising oil prices and investor interest in energy companies. Meanwhile, economic data from China and Japan continued to be closely watched by market participants.

Shares of oil tanker firm Frontline were also boosted on Friday, gaining 3% by 11:47 a.m. London time. It comes as Norwegian oil and gas company Vaar Energi also rose up the Stoxx 600 index after adding 3.2%, while Finnish fuel producer Neste topped the index with gains of 4.4% by 1:30 p.m. London time. Meanwhile, Swedish online gambling firm Evolution saw gains of around 3.7%, recovering from losses seen earlier this week after the company was.

Elsewhere, investors are monitoring economic data out of China, where official figures showed industrial profits in the world's second biggest economy in 2024 and 2025, but warned that the country's economy would remain under pressure, given muted business confidence and ongoing uncertainty in the troubled Chinese property sector. Overnight in Asia, as traders reacted to the latest Chinese data print, as well as recent inflation numbers out of Japan. In, official figures showed core inflation in the city of Tokyo was at 3% in November, up from 2.6% in October. Back in Europe, German President Frank-Walter Steinmeier dissolved the country's parliament on Friday to pave the way for elections in February, after Chancellor Olaf Scholz's coalition government was ouste

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