Germany’s DAX, France’s CAC, UK’s FTSE 100 gain on strong UK GDP data
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European stock markets rose on Friday, driven by stronger-than-expected UK GDP growth of 0.6% in Q1 2024, surpassing the 0.4% forecast. Germany’s DAX increased by 0.4%, France’s CAC 40 by 0.5%, and the UK’s FTSE 100 by 0.4%. The Bank of England's recent interest rate decision, amid speculation of future cuts, and positive corporate earnings from IAG and Mediobanca further boosted investor confidence. IAG reported a significant profit increase, while Mediobanca announced a 42% rise in net profit and plans for a dividend distribution.
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