European stocks rise for the week with cautious optimism, inflation fears linger By Reuters
By Shreyashi Sanyal and Sruthi Shankar (Reuters) -European stocks rose on Friday, as Swiss luxury goods maker Richemont jumped after its results and accelerating business growth in the euro zone kept investors cautiously optimistic in the face of rising inflation worries. The pan-European STOXX 600 index rose 0.6%, capping the week with a small gain. Cartier-owner Richemont rose 5.0% to a record high as it proposed doubling its dividend back to pre-pandemic levels after strong demand for jewellery helped lift net profit and contain the fall in sales in its fiscal year 2020/21. IHS...
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