On Friday, European stocks remained largely unchanged, closing the week with modest gains as investors scrutinized a long-awaited U.S. inflation report that alludes to a potential interest rate cut by the Federal Reserve next week.

The STOXX 600 index concluded the day flat at 578.87 points, following a three-day rally and closing the week up 0.4%. Germany's stock market experienced a 0.7% increase after Chancellor Friedrich Merz dodged a government crisis by passing a pensions bill in parliament.

The Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, rose by 0.3% in September, meeting analyst predictions. This reaffirms expectations for a 25 basis points rate cut by the Fed next week, which significantly impacts global market sentiment. Key sectors

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