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European stocks see biggest weekly rise since August
European markets registered their biggest weekly gains since August, supported by strong earnings Reports and signs of stabilization in the tech sector stocks that had been under pressure recently, boosting investor confidence. The STOXX 600 index rose by 0.6% to reach 644.43 points, after a previous decline of 1.48% on Thursday. The German DAX increased by 0.9% to 25,622.42 points, the French CAC 40 by 0.39% to 7,964.50 points, and the British FTSE 100 by 0.3% to 10,881.90 points. Volatility was concentrated amid concerns over rising interest rates and reliance on debt financing to fund the AI boom, leading to sell-offs in technology and semiconductor stocks.
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