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European stock markets close positive, post weekly gains

European stock markets close positive, post weekly gains
STOXX Europe 600 shows best weekly performance by rising 2.64%

By Ovunc Kutlu

ANKARA (AA) - All major indices in Europe closed in positive territory on Friday, posting weekly gains, according to data compiled by Anadolu Agency.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 3.47 points, or 0.74%, to close at 469.39. The index rose 2.64% this week.

London's FTSE 100 increased 26 points, or 0.37%, to 7,234, while Germany's DAX 30 added 124 points, or 0.81%, to 15,587. This week, the indices added 1.95% and 2.5%, respectively.

France's CAC 40 rose 42 points, or 0.63%, to close at 6,727 points. It was up 2.55% for the week.

Italy's FTSE MIB 30 showed a strong increase, jumping 211 points, or 0.81%, to 26,489. Borsa Italiana rose 1.68% this week.

Spain's IBEX 35 added 72, or 0.81%, to end at 8,997. For the week, the index increased 0.46%.

The strong market results came despite the EU posting a trade deficit of €5 billion ($5.9 billion) in August, according to figures the statistical authority Eurostat released earlier on Friday.

source: News Feed
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