India, Jan. 31 -- European stocks hit new record highs on Friday, a day after the European Central Bank delivered a widely expected 25-basis point interest-rate cut and guided for a further reduction in March due to concerns about economic growth.
Meanwhile, investors shrugged off data that showed German retail sales unexpectedly contracted on a monthly basis in December.
Also, there has been a slight increase in the number of unemployed people in Germany, with the unemployment rate rising to 6.0 percent as of December 2024 in comparison to 5.7 percent during the same time in 2023.
Elsewhere, French consumer price increased slightly less than anticipated in January.
The pan European STOXX 600 was up 0.3 percent at 540.27 after climbing ...