European stocks extended gains on Friday, with the STOXX 50 up 0.4% and the STOXX 600 rising 0.3% to fresh record highs, as optimism around artificial intelligence continued to buoy global investor sentiment.
Momentum was further supported by news of fresh industry alliances - Hitachi teaming up with OpenAI and Fujitsu partnering with Nvidia. At the same time, investors monitored developments around the US federal government shutdown, though its market impact has so far remained limited.
Among sectors, basic resources, banks, autos, and financial services led the gains, while technology stocks struggled to stay out of negative territory. For the week, the STOXX 50 is up 1.5%, and the STOXX 600 has advanced 2.4% - its strongest weekly performance since April.
Source: Trading Economics
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