European stock markets closed higher on Friday as French shares recovered and investors assessed the outlook for inflation and interest rates. The pan-European STOXX 600 gained 0.5 per cent to finish at approximately 655.16.
France leads the recovery
The CAC 40 rose 0.98 per cent to 8,401.18, supported by gains among banks and luxury companies. Societe Generale, BNP Paribas and Credit Agricole all advanced, while the European luxury sector gained around 2.3 per cent.
Germany’s DAX increased 0.77 per cent to 26,569.99. European carmakers were among the strongest performers, with BMW rising approximately 4.5 per cent.
London’s FTSE 100 added 0.29 per cent to close at 10,824.26.
Interest rates remain in focus
Investors continued to monitor comments from Federal Reserve chairman Kevin Warsh, who reiterated the central bank’s commitment to bringing inflation back towards its 2 per cent target.
Despite continuing concerns over public finances and weak French growth, the STOXX 600 recorded a modest gain for the week.
Newshub Editorial in Europe – 29 August 2026
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