European stock indices managed to record a collective rise at the end of weekly trading, and this comes in conjunction with their benefit from the statements of the US Federal Reserve Governor, Jerome Powell, at the Jackson Hole Forum, in which he stressed that the time has come to cut US interest rates. The following is a look at the performance of European stock indices:
The Stoxx 600 index rose by up to 0.5% at the close.
The German DAX index recorded an increase of about 0.8% at the end of trading.
The French CAC index achieved a gain of 0.5% at the close.
The British FTSE 100 index is the least profitable among European stock indices, with a gain of only 0.5%.
Italy's FTSE MIB gains just 1.0%.
The Spanish IBEX index is the biggest gainer among European stock indices, up about 1.1% at the close of trading.
European stock indices ended Thursday's trading session mixed, with the French index falling alone with the release of economic data and investors awaiting the US Federal Reserve's decisions on the future path of interest rates.
The European Stoxx 600 index ended the session up 0.35%, with major stock exchanges and most sectors rising. The German DAX index also rose by about 0.25%, while the French CAC index fell by about 0.01%, while the British FTSE index rose by about 0.06%.
