European stocks on longest weekly winning streak in a year By Reuters


© Reuters. The DAX chart of the German Stock Price Index is displayed on the Frankfurt Stock Exchange.

(Reuters) – European stocks were subdued on Friday, but on track for their longest weekly winning streak in more than a year, as hopes for a rapid recovery in economic growth offset doubts about the COVID-19 vaccination schedule of the euro zone. The pan-European index was down 0.1% after hitting an all-time high at the open, while the UK first class fell 0.1% and 0.2%, respectively. London equities have outperformed this week, with the domestic market-focused FTSE mid-cap index hitting an all-time high as Britain gradually comes out of a tight winter lockdown. Shares of airlines, including IAG (LON :), British Airways owner easyJet (LON 🙂 and Wizz Air, rose between 0.2% and 1.0%. The UK will confirm in early May whether to allow international travel to resume from May 17. Travel company TUI fell 5.7% after saying it planned to offer convertible bonds worth 350 million euros to improve its liquidity position as the pandemic disrupts travel plans. Airbus was up 2% after the French aircraft maker reported slightly higher deliveries in the first quarter.

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