European shares rises slightly to close out a winning week; Adidas climbs 6%
European stocks climbed on Friday to close out a winning week amid the prospect of a steady economic rebound and fears of a tapering of monetary stimulus.
The pan-European Stoxx 600 eked out a 0.1% gain Friday, bringing its weekly gain to 1.2%. Shares in Asia-Pacific broadly advanced during Friday’s trade, led by Hong Kong’s Hang Seng index and mainland China, while South Korea’s Kospi closed at a record high. U.S. stocks traded higher as the S&P 500 heads for its best week since April.
In Europe, the U.K. is set to publish plans next month to lift travel restrictions for fully vaccinated people, except those at the highest Covid-19 risk level.
Reference: CNBC
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