FTSE 600 nears largest weekly rise since 2026

The European Stoxx 600 index is moving toward its highest historical levels, achieving its largest weekly gain since May 2026, supported by a rise in cyclical stocks and expectations of easing concerns over interest rate hikes by the U.S. Federal Reserve. European stocks have increased notably, with the German DAX advancing by 0.5%, led by Siemens shares, amid a decline in interest rate hike expectations and the impact of weak U.S. economic data on investors' appetite. Technology stocks continue to rise despite pressures, buoyed by a surge in the artificial intelligence sector.

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