It was a busy week for the European majors. Economic data and corporate earnings delivered support. COVID-19 vaccine news and geopolitics were a drag, however.
(Reuters) -European stocks ended at a record high on Friday, marking its seventh straight week of gains, after strong U.S. and China economic data spurred optimism about a speedy global recovery, while upbeat results from Germany's Daimler boosted carmakers. The pan-European STOXX 600 index rose 0.8%. Global stock markets scaled record highs after data showed China's economic recovery quickened sharply in the first quarter and U.S. retail sales rose by the most in 10 months in March.
Economic data from China will set the tone later this morning, with U.S stats, corporate earnings, and geopolitics in focus later today.