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European stock markets surge on strong corporate earnings and U.K. retail growth

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European stock markets rose Friday as investors processed corporate results and economic data, with Germany's DAX up 0.2%, France's CAC 40 gaining 0.5%, and the U.K.'s FTSE 100 rising 0.4%. A busy earnings week saw mixed outcomes: Aston Martin reported a £50 million F1 name sale, while AAL swung to a $3.7 billion loss after diamond writedowns. DANO highlighted strong 2025 sales, and SIKA faced a 16% profit drop due to China's market pullback. In the U.K., retail sales jumped 1.8% monthly and 4.5% annually, signaling consumer resilience.

German producer prices fell 3% year-over-year, exceeding expectations. Eurozone inflation data and U.S. Fed rate cut bets added complexity. Oil prices stabilized, with Brent near $71.66 and WTI at $66.35, as U.S.-Iran tensions raised supply concerns.

The Strait of Hormuz remains a key risk for global oil flows.