European Stocks Snap Five-Day Slide

European equities snapped a five-day selloff to end Friday’s session higher, with the pan-European STOXX 600 rising almost 1% to around 440 points, as gains among industrials and financials stocks offset losses in energy.

Investors continued to assess the macroeconomic outlook and the trajectory of monetary policy ahead of key policy meetings next week.

The US Federal Reserve, ECB, and Bank of England will likely deliver fresh rate hikes on Wednesday and Thursday, but by a smaller margin than the months before.

Vestas Wind Systems jumped more than 6% to lead the STOXX 600 index.

Domestically, the benchmark DAX 40 added 0.7% to end around 13,360 points, with Mercedes Benz Group up 4%.

The STOXX 600 index dropped 1% for the week to post its first weekly loss in two months.

The DAX 40 lost more than 1%, recording its second consecutive weekly decline.