European Stocks
Both the STOXX 50 and STOXX 600 edged up 0.2% on Friday, rebounding after two consecutive sessions of losses.
Despite the modest gains, both indexes are on track to end the week largely unchanged, as traders await fresh catalysts amid ongoing concerns over the US fiscal outlook, which continues to unsettle global markets and push bond yields higher.
On the trade front, high-level dialogue between Beijing and Washington continued, with senior officials holding a call on Thursday, an encouraging sign that both sides remain open to reaching an agreement.
EU and US officials are also expected to hold a call on trade today. On the data front, Germany’s Q1 GDP growth was revised upward to 0.4%, double the initial estimate of 0.2%, driven largely by strong performance in the manufacturing sector and a surge in exports in March.
On the corporate side, Bayer (+2.4%), Philips (+1.5%), SAP (+1%), and Siemens (+0.8%) were among the session’s top performers.
Source: Trading Economi
