Europe rallies at close amid data, rate hikes - Breaking The News
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Europe rallies at close amid data, rate hikes

EPA-EFE/ARMANDO BABANI

Major European stock indexes rallied at close on Friday, as investors digested the latest batch of economic data, alongside the central banks' monetary policy decisions.

Producer prices in the Eurozone saw a 1.6% growth month on month in September, while the United Kingdom's construction activity continued to rise in October. Meanwhile, although the euro area's business activity fell, the reading was up compared to the flash figure.

The DAX surged 2.51% or 329 points at the closing bell, with Adidas shooting up 21.38%. At the same time, the CAC 40 jumped 2.77%, as Kering advanced 7.07%. The FTSE 100 soared 2.03%, with Anglo American's boost of 12.07%. The euro gained1.66% against the dollar at 5:30 pm CET, selling for 0.99103. The pound traded 1.22% higher against the greenback to go for 1.12925 at the same time.

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