European stocks rose on Friday and were on track for their seventh straight week of gains amid bets that the economic recovery can weather elevated inflation and the potential return of full lockdowns as a brutal fourth wave of the coronavirus pandemic sweeps across Europe.
European Central Bank President Christine Lagarde said today that inflation in the euro zone will fade over the medium term and it doesn't make sense to react by tightening policy.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.