English
European stocks closed higher, but incurred weekly losses
European stock indices rose at the close of trading today, Friday, in light of renewed optimism about the US debt ceiling negotiations, but the European market recorded losses this week.
The pan-European Stoxx 600 index closed 1.2% higher, after falling to its lowest level since early April during three negative sessions.
On a weekly basis, the benchmark index fell 1.5%, recording its biggest weekly loss in more than two months.
All sectors ended in positive territory, with technology stocks up 3% and mining stocks up 2.5%.
Investors are still closely watching US negotiations for the deal, which are progressing but at a "sensitive stage," according to Republican Representative Patrick McHenry.
The Republican Speaker of the US House of Representatives, Kevin McCarthy, said yesterday, Thursday, that he had spoken briefly during the past days with former President Donald Trump about the debt ceiling negotiations, while the time available for reaching an agreement to avoid the country’s debt default crisis is shrinking.
