European stocks rise for second weekly gain

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European stocks advance for second weekly gain

CRH was also in demand, moving 0.7 per cent higher to €41.65.

The UK economy unexpectedly eked out a modest growth in November, lifted by higher spending in pubs and bars from World Cup cheerers and video game sales that reduced the chances of slipping into recession. On Friday, healthcare stocks provided the biggest boost to the index, with Novo Nordisk and Roche Holding gaining between 1 per cent and 2.5 per cent.

JP Morgan chief executive Jamie Dimon and Bank of America chief executive Brian Moynihan also expressed caution about the slowing economic environment.

 

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