Tech sector stocks rose by 1.92%, while stocks of consumer goods companies fell by 0.61%. Burberry shares increased by more than 15% after the British retailer announced a strategy for a comprehensive reform to stop the drop in sales.
The STOXX 600 index in Europe climbed by 0.53%, with most sectors and major exchanges in the region closing in the green zone. However, Swiss Re, a reinsurance company, fell by 1.95% after lowering its profit forecast for the entire year due to increased reserves for liabilities.
On Thursday, European markets rose as traders assessed forecasts for global inflation and the potential for a rate-cutting cycle by central banks.
