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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