AMSTERDAM/LONDON: European stocks scaled a record high on Friday, buoyed by hopes that major central banks will remain accommodative despite signs of rising inflation, while a rally in miners boosted UK shares.
The pan-European STOXX 600 index rose 0.7% in its sixth straight session of gains and ended the week 1.1% higher, its best weekly performance since early May.
Miners jumped 1.9%, lifting UK's commodity-heavy FTSE 100 by 0.7% after data showed Britain's economic output in April was a record 27.6% larger than a year before.
Travel and leisure stocks bounced from the previous session's drop. Spanish hotel chain Melia rose 2.0% after its chief executive forecast a return to profitability in June after 15 months in the red.
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