European Markets End Week on a High Note

European stock markets experienced a significant uplift this Friday, as traders analyzed the latest inflation data from Germany, France, and Spain, alongside the UK's January GDP figures. The financial community also kept a close eye on the recent earnings reports from industry giants Daimler Truck and BMW.

By the close of trading, the German DAX had surged by 1.86%, or 419 points, with Rheinmetall AG leading the charge with a 6.29% increase. The French CAC 40 wasn't far behind, climbing 1.13%, thanks in part to Thales' impressive 5.57% rise. Across the Channel, the UK's FTSE 100 saw a 1.05% improvement, with Melrose Industries PLC at the forefront, boasting a 6.41% gain. The Euro Stoxx 50 also enjoyed a healthy 1.42% increase, buoyed by Airbus SE's 4.30% ascent.

Currency Movements

In currency markets, the euro appreciated by 0.27% against the dollar, trading at $1.08811 by 5:32 pm CET. Conversely, the pound experienced a slight dip, losing 0.25% against the dollar to trade at $1.29199 at the same time.