European Shares End Three-week Losing Streak on Bank Gains
European shares ended a three-week losing streak on Friday, supported by gains in banking stocks. The pan-European STOXX 600 closed 0.4 percent higher, lifting its weekly gain to 0.5 percent and recording its biggest weekly rise since early August.
The index had lost around 3 percent over the previous three weeks. Energy shares fell 1.3 percent, posting the biggest sectoral losses. By contrast, oil-price-sensitive airline stocks advanced, while the travel and leisure index rose 0.8 percent.
Banks provided the biggest boost to the market, leading gains with a 1.3 percent rise, followed by financial services, which advanced 1.1 percent.
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