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European stocks closed higher on Friday with broad support from all major sectors as markets continued to gauge positive earnings prospects against risks of high inflation. The Euro STOXX 50 added 0.6% to 6,204 and the STOXX Europe 600 rose for a fifth session in six, gaining 0.7% to 644. Banks closed sharply higher as
Milan’s FTSE MIB fell 0.9% to 49,857 on Friday, recovering from prior-session losses as gains in heavyweight financial and defense stocks provided support. Defense stocks led the advance, with Leonardo surging 4.7%, followed by Fincantieri (3.4%) and Avio (1.2%) after Italy’s confirmation that it plans to increase defe
The FTSE MIB rose to around 52,700 on Friday, recouping earlier losses and tracking broader European equity gains. Financials led; UniCredit, Intesa Sanpaolo, Mediobanca, Unipol and MPS each gained around 1%-2%.