European Stock Markets Rise for Fourth Consecutive Day

European stock markets concluded the Friday session in an upward trajectory, marking their fourth consecutive day of gains. The pan-European Stoxx 600 rose by 0.48%, with Frankfurt’s DAX seeing a 0.82% increase. London's FTSE 100 gained 0.39%, and Paris' CAC 40 performed better, advancing 0.78%. The banking sector, luxury goods, and technology sectors reported the strongest gains for the session. Despite the temporary relief in oil prices, tensions between the United States and Iran continue to keep energy prices high, fueling inflation concerns. Goldman Sachs economists predict a Bank of Europe deposit rate hike to 2.75% next month and potentially up to 3% soon. This scenario reflects the recent resilience of the European economy and increasing pressure on energy prices. The situation suggests tighter monetary policies could be forthcoming amid global uncertainties.