Home Stocks European stocks close higher with U.S. stimulus, Brexit in focus

European stocks close higher with U.S. stimulus, Brexit in focus

by Amwal Al Ghad English
European stock markets stocks

European stocks closed higher on Friday as investors monitored prospects of a U.S. stimulus package and a last-minute Brexit trade deal.

European markets closed higher on Friday as investors monitored prospects of a U.S. stimulus package and a last-minute Brexit trade deal.

The pan-European Stoxx 600 closed up 0.6 percent, with oil and gas stocks climbing 3.1 percent to lead gains after OPEC+ members agreed on Thursday to increase production by 500,000 barrels per day beginning in January. Retail stocks declined by 0.5 percent.

European stocks received a mixed handover from Asia-Pacific after the Pentagon added more Chinese firms to a blacklist of alleged Chinese military companies.

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