The STOXX 50 gained 0.4% and the STOXX 600 rose 0.3% on Friday, as investors closely monitored corporate earnings and news, while staying on edge for any signs of progress in trade negotiations between the US and the European Union.
Reckitt Benckiser was up 1.9% after agreeing to sell its essential home business unit to Advent International for $4.8 billion. Vivendi soared more than 10% after a French financial market advisor concluded that a mandatory takeover bid for Vivendi by Bollore is required.
Also, Burberry edged up 0.3% after its quarterly sales topped forecasts and shares of Saab soared almost 11% after the company reported stronger-than-expected second operating income.
On the other hand, Electrolux fell more than 13%, with the company maintaining a "neutral to negative" outlook for the North America market, and a "neutral" outlook for Europe and Asia-Pacific markets as well as Latin America. Over the week, both the STOXX 50 and STOXX 600 showed little overall change.
Source: Trading Economics
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