European stocks hit new highs on Friday and were on course for their fourth consecutive week of gains amid optimism over a strong earnings season and signs that U.S. inflation may have peaked.
The pan European Stoxx 600 was up 0.3 percent at 476.09 to hit a record high for the tenth straight session. The German DAX climbed 0.6 percent, France's CAC 40 index gained 0.4 percent and the U.K.'s FTSE 100 was up 0.3 percent.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.