European Markets Hit Record High, Buoyed by China’s Stimulus

European markets surged to fresh highs on Friday, driven by China’s stimulus blitz and fresh inflation data. Chinese markets posted their strongest weekly gains in nearly sixteen years, as the CSI 300 index rallied following the country’s large-scale stimulus measures. Inflation in France and Spain showed sharp declines, raising expectations that eurozone inflation will drop below the ECB's 2% target. Moncler shares surged after LVMH's investment, while Banco Sabadell shares fell amid a hostile takeover bid from BBVA.