European investors took cues from their American peers on Friday, set to end the week on a high note after a rally on Wall Street on Thursday that has lifted global sentiment. London’s FTSE 100 jumped 0.5%—pushing further into record high territory—with the Paris CAC 40 up 0.6%. “European equities are on the rise as we head into the final session of the week, with the now commonplace gains for the FTSE 100 taking place alongside similar upside moves for the CAC and DAX,” said Joshua Mahony, an analyst at broker Scope Markets.
FTSE 100 and European stocks rose amid hopes US Fed Reserve will soon cut interest rates.
London stocks continued their recent outperformance on Thursday, leading the pack higher in generally upbeat European trading, as the U.K. equity benchmark pushed further into record-high territory. London’s FTSE 100 rose 0.