- The pan-European Stoxx 600 closed up 0.7%, with banks adding 1.7% to lead gains while media stocks dropped 0.4%.
- French cloud computing company OVH launched on the Euronext Paris on Friday.
LONDON — European stocks closed higher on Friday as corporate earnings drove global markets north to close out the week.
The pan-European Stoxx 600 closed up 0.7%, with banks adding 1.7% to lead gains while media stocks dropped 0.4%.
Oil prices were in focus after rising on Thursday when top producer Saudi Arabia dismissed requests for additional OPEC+ supply, while the International Energy Agency said spikes in natural gas prices could bolster oil demand from power generators.
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Prices continued to rise on Friday, with international benchmark Brent crude last trading above $84.80 per barrel on Friday afternoon in Europe.
On the economic data front, French consumer price inflation came in at negative 0.2% month-on-month in September. On an annual basis, it was 2.7% higher. Meanwhile, French cloud computing company OVH launched on the Euronext Paris on Friday.
Money Report
In terms of individual share price movement, Finnish retailer Kesko climbed 6.4% after Inderes raised the stock to "accumulate" from "reduce."
At the bottom of the index, Swiss banking software firm Temenos tumbled more than 13% after missing third-quarter revenue expectations.
On Wall Street, U.S. stock indexes rose on Friday as better-than-expected third-quarter earnings reports set the S&P 500 on track for a winning week. Momentum continued with Goldman Sachs' third-quarter results beat significantly on the top and bottom line.
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