European markets close higher as investors watch U.S. stimulus, earnings
European markets closed higher on Friday as investors monitored signs of progress toward a U.S. stimulus deal and digested a raft of major corporate earnings.
The pan-European Stoxx 600 provisionally closed about 0.5% higher, with banks jumping over 2.5% on the back of strong earnings to lead the gains while retail stocks slumped around 0.9%.
European stocks tracked gains on Wall Street after House Speaker Nancy Pelosi indicated that she and Treasury Secretary Steven Mnuchin were “just about there” in discussions over a new coronavirus aid bill.
Reference: CNBC
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