European stock markets were cautiously higher on Friday, rounding off a weekly rally powered by a series of solid earnings and a perceived dovish tilt by central banks.was up 0.08% at 11 a.m. in London, led by autos stocks, up 1.4%. The index gained 1.6% on Thursday, and is heading for its best week-on-week performance since the end of March, according to LSEG data.
A potential recession, high inflation levels and uncertainty around energy markets are just some reasons why investors are steering clear of Europe right now – but Goldman Sachs remains positive on a number of stocks in the region. Advancing stocks outnumbered declining issues by almost 9-1 on the New York Stock Exchange versus about 7-2 on the Nasdaq. Total volume of shares traded on both markets was about 15% above the past month's daily average.
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