European stocks rose on Friday, boosted by stronger-than-expected U.S. payrolls data for April and signs that China may resume trade talks with the U.S. The Stoxx 50 jumped 1.9% and the Stoxx 600 gained 1.7%, led by a 3% rally in technology stocks. London's FTSE 100 rose more than 1%, marking its longest daily winning streak on record. Shell rose 1.9% after beating Q1 profit expectations and launching a $3.5 billion share buyback. Standard Chartered also beat estimates, boosted by gains in wealth management and global banking, while NatWest reported better-than-expected profit of £1.8 billion. Moët Hennessy announced plans to cut more than 10% of its workforce amid a restructuring at LVMH's wine and spirits division. On the macro front, Eurozone inflation held steady in April, rising 0.6% from the previous month and 2.2% year-on-year, in line with March's figure. (Newsmaker23)
Source: Trading Economics
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