Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

European stocks end week higher

 European stocks end week higher
Euronews logo
Text size Aa Aa

European shares finished up for the third day running, they rose 1.6% enjoying a relief rally as the result of a smaller than expected loss by Citigroup.

Banks rose, Britain’s Royal Bank of Scotland up 9.6% and BNP of France rising 4.6%, but analysts cautioned that the Citigroup impact is likely to be short-lived.

Carmakers and airlines benefited from oil’s more than 10% slide since Tuesday.

Warnings on full-year sales at French cosmetics group L’Oreal and on earnings at Belgian supermarket chain Delhaize put a cap on the gains.