Better automotive sector.. European stocks end the week with modest gains

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Better automotive sector.. European stocks end the week with modest gains

Ended traded today, Friday, with modest gains, as investors awaited the US inflation report, which strengthened expectations that the Federal Reserve would cut interest rates.

The European at (578.87) points, rising by (0.4%) on a weekly basis after gains for three consecutive days, and increased by (0.7%) after passing the draft pension law in Parliament.

European stocks

Data on the personal consumption expenditures price index showed an increase by (0.3%) in September, which raised market expectations for an interest rate cut by (87.2%) next week.

The automobile and spare parts sector was the best performer during the week, with an increase of (5.6%), supported by the US administration’s cancellation of previous fuel consumption rules.

While the retail sector rose (5%) thanks to strong sales of Inditex, which owns Zara, the technology sector also recorded gains of (2.7%), and the basic resources sector rose (3.2%) with copper rising to record levels.

On the other hand, Swiss Re shares fell by (6.5%) after announcing 2026 goals below expectations, which pushed the insurance index to decline by (0.66%).