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23 May | Euro | DAX

European stocks rise amid strong EU economic data

EURJPY
EURGBP
EURUSD
EURAUD
DAX
European stocks rise amid strong EU economic data

European stock indices rose on Friday, May 23, as better-than-expected regional economic data improved market sentiment.

Germany's DAX index gained 0.6%, France's CAC 40 rose 0.1%, while the UK's FTSE 100 climbed 0.4%.

Germany's economy grew 0.4% year-on-year in the first quarter, exceeding forecasts of a 0.2% increase. In the final quarter of 2024, it contracted by 0.2%.

Meanwhile, UK retail sales rose 1.2% month-on-month in April, beating March projections for a 0.3% increase.

European stocks are up 18% since mid-April, nearing their all-time highs. British investment platform AJ Bell's shares rose sharply due to better-than-expected results for the third quarter. The company reported 6% higher earnings per share.

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