"Equity markets are driven by two things: fundamentals and sentiment"
- Lorne Baring, managing director at B Capital SA
European stocks climbed on Friday after a report showed U.S. consumer confidence increased to the highest level in four years in May.
The Stoxx Europe 600 Index gained 0.35 per cent to 251.97. Germany's DAX Index rose 0.95 per cent and France's CAC 40 Index slid 0.01 per cent. The U.K.'s FTSE 100 Index advanced 0.57 per cent to 5,575.52.
"Equity markets are driven by two things: fundamentals and sentiment," said Lorne Baring, managing director at B Capital SA in Geneva. "Sentiment is being eroded by headline risk as it looks like the euro zone nations are at odds over what to do next."
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