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European stock markets close the week at 7-month highs

price movements

Close the cursor "Stokes 600" The European Union rose by 1.2%, the highest level since May 2022.

And it posted a weekly gain of 4.6%, posting its best weekly performance in more than nine months.

Shares in the basic resources sector rose 2.5% to lead sector indices, and shares of mining companies with exposure to China rose on surging copper prices.

Energy stocks rose 1.8%, supported by rising oil prices.

Influencers were absent during the early hours of trading before shares gained momentum following the data united state Nonfarm payrolls increased by 223,000 jobs in December, less than the previous month’s data, while average wages rose 0.3%, less than expected and also below the previous month’s rate of increase.

And boosted economic data from Europe Sentiment too, as retail sales increased Germany In November, these data came on top of other positive data released this week, indicating that the recession will be less than expected and that price pressures in some countries are easing.

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price movements

closing cursorStokes 600The European Union rose by 1.2%, the highest level since May 2022.

And it posted a weekly gain of 4.6%, posting its best weekly performance in more than nine months.

Shares in the basic resources sector rose 2.5% to lead sector indices, and shares of mining companies with exposure to China rose on surging copper prices.

Energy stocks rose 1.8%, supported by rising oil prices.

Influencers were absent during the early hours of trading before shares gained momentum following the data united state Nonfarm payrolls increased by 223,000 jobs in December, less than the previous month’s data, while average wages rose 0.3%, less than expected and also below the previous month’s rate of increase.

And boosted economic data from Europe Sentiment too, as retail sales increased Germany In November, these data came on top of other positive data released this week, indicating that the recession will be less than expected and that price pressures in some countries are easing.

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