Major European stocks ended Friday's session in positive territory following major economic data and a cabinet reshuffle in Downing Street. While Berlin confirmed Germany has entered recession in the third quarter of this year, the August trade deficit across the Eurozone came in at record €50.9 billion.
Meanwhile, British Prime Minister Liz Truss announced some changes in her government. Jeremy Hunt succeeded finance secretary Kwasi Kwarteng who was sacked earlier today, while the government also decided to keep the planned corporate tax increase at 25%.
The FTSE 100 gained 0.12% at the closing bell, while the DAX rose 0.67% and the CAC 40 grew 0.90%. The euro lost 0.36% against the dollar to sell for 0.97429 at 5:31 pm CET, while the pound plunged 0.99% to $1.12127.
