European stock indexes closed higher on Friday, posting modest gains as French shares recovered from the sell-off seen in the previous session, while investors assessed comments on inflation by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.
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The Stoxx Europe 600 rose 0.5% to 655.04 points, recording a modest weekly gain after declining for two consecutive weeks, according to CNBC.
France’s CAC 40 gained around 1% to close at 8,404.18 points, while the UK’s FTSE 100 rose 0.29% to 10,824.26 points.
Germany’s DAX advanced 0.82% to 26,583.35 points.
The CAC 40 led gains among European markets, rising about 1% after falling to a one-month low during the previous session.
All Stoxx 600 sector indexes closed higher, while the energy sector, the weakest-performing sector of the week, gained 0.6%.
