European shares rise but post weekly losses
European stocks advanced on Friday as robust business activity and earnings supported sentiment, though the benchmark index still posted a weekly decline. Persistent inflation worries driven by elevated oil prices and Treasury yields continued to weigh on global investors.
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European shares rose 0.59% on Friday afternoon to close at 654.18 points, driven by broad-based gains and economic resilience. Despite Friday's advance, the benchmark index ended the week lower due to persistent inflation worries. Elevated commodity prices and Treasury yields weighed on sentiment across global markets.
