European Shares Edge Higher Led By Banks
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European stocks rose on Friday, led by banks, due to optimism about future U.S. interest rate cuts. The U.K. economy contracted for the second month, with GDP falling 0.1% in October. The U.K. trade deficit widened, and German inflation rose to 2.6%. The Stoxx 600, DAX, CAC 40, and FTSE 100 all saw gains. Repsol sold a stake in a Texas solar project, Aberdeen took over fund management from MFS, and Harbour Energy acquired Waldorf Energy subsidiaries.
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