European equities finish at fresh record as defence and banks lead gains

European shares closed at record levels, driven by defence and banking stocks, as easing rates and valuation appeal lifted investor confidence near year-end.

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European equities finish at fresh record as defence and banks lead gains

European equities finish at fresh record as defence and banks lead gains
European stock markets ended Friday at a record high, supported by strong buying in defence, insurance, and banking stocks as investor sentiment improved toward the end of the year. The benchmark index is on track for its best annual performance since 2021, helped by easing interest rates and portfolio rotation away from richly valued US technology shares. Major regional indices also advanced, with Germany’s DAX rising 0.4 percent and the UK’s FTSE 100 gaining 0.6 percent.