European markets ended higher on Friday, with positive momentum continuing into the weekend.
At the close, the pan-European Stoxx 600 index rose 0.8%. Mining and utility stocks led the gains, rising 1.3% and 1.5% respectively.
All major exchanges were higher, with the Stoxx 600, Germany’s Dax, France’s CAC 40 and Britain’s FTSE 100 all hitting record highs.
Daniel Morris, chief market strategist at BNP Paribas Asset Management, told CNBC’s “Squawk”: “I think, just like the stock market, we are also looking to the future. Generally speaking, investors see the European market A brighter future and they now reflect that.
First-quarter gross domestic product data released on Friday showed that the British economy has emerged from recession. GDP growth in the first three months was 0.6%, higher than expectations of 0.4%. The UK enters a shallow recession in the second half of 2023.
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