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European  Stocks Higher
World Economy

European Stocks Higher

European stocks swung higher Friday, with financial shares advancing after a tough week for the sector, with the gains coming ahead of closely watched figures on the US labor market due later in the session. The Stoxx Europe 600 was up 0.2% to 322.87, led by the financial group. There, bank, real-estate investment trusts and insurers were gaining, marketwatch.com reports. Those shares were slammed throughout the week as investors worried about a squeeze on profit margins for banks in an environment of super-low interest rates. Meanwhile, real-estate stocks were hurt after trading in a number of U.K. commercial-property funds were suspended. Among banks, German lender Deutsche Bank AG was up 1.7% after closing at an all-time low earlier this week.

 

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