European stocks post their best week since November 2020

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European stocks post their best week since November 2020 via IrishTimesBiz

advancing 0.3 per cent to €2, whileCairn Homes, which increased 3.6 per cent to 87 cent. Building materials giantwas, however, down by almost 1 per cent at €13.71 as investors pondered the likely impact ofThe Ftse 100 continued a winning streak on Friday as it notched up its fifth rise in six sessions. The index registered a small but clear rise of 0.3 per cent, after trading down earlier in the day.

The 19.39 point increase leaves the Ftse 100 at 7,404 as it heads into the weekend, having gained more than 250 points since last Friday.led the pack, bouncing back after a torrid performance the day before when investors had reacted with horror to its latest set of results. Gambling groups were also close to the top of the pack, and Kingfisher did well ahead of its results coming out next week.

Energy companies, and mining firms struggled over the day, as the price of oil remained stable – at least compared with recent rollercoaster performances – rising less than 0.5 per cent to $107 dollars for a barrel of Brent crude. Shares in pub chaingained 1.9 per cent after it said that its businesses were returning closer to normal recently as pandemic restrictions were eased off.

 

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