Major European stock market indexes closed higher on Friday following earnings reports by AstraZeneca, NatWest, and Eni released today. Inflation in Eurozone recorded an increase of 7.5% in April, with the energy sector soaring 38% year on year. Consequently, Germany reported the highest import prices in the past 48 years, and France noted its consumer price index (CPI) rose by 4.8% in the preliminary reports.
On the data front, Eurostat posted a preliminary report of gross domestic product (GDP) growing 5% year on year, with Germany and Spain recording increases in their quarterly reports.
The DAX gained 0.71% at the closing session on Friday with Delivery Hero increasing by 6.76%. The CAC 40 grew 0.25% with Renault Group rising 2.72%, and London's FTSE 100 was up by 0.37% with Aveva soaring by 5.89%.
The euro traded 0.36% higher against the dollar, going for $1.05364 at 5:34 pm CET. The pound was 0.83% higher against the dollar, selling at $1.25609 a minute later.
