European stocks rose at the open on Friday as investors drew optimism from US economic data that pointed towards an end to the Federal Reserve’s campaign to curb inflation with interest rate increases.
Europe’s region-wide Stoxx 600 rose 0.5 per cent in the first hour of trade, assisted by strong corporate earnings from Switzerland’s Richemont, which boosted luxury goods makers. France’s CAC 40 added 0.6 per cent.
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