European Shares Edge Higher Led By Banks
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.