European stocks driven higher by auto makers

European stocks pushed higher in early trade Friday, with auto stocks advancing following monthly sales figures from the industry. The Stoxx Europe 600 rose 0.6% to 388.35. All sectors were higher, led by the basic materials and oil and gas groups. Germany’s DAX 30 gained 0.5% 12,755.77, with BMW AG rising 0.8% and Daimler AG moving up 0.5%. France’s CAC 40 tacked on 0.9% to 5,263.29, ahead of Sunday’s final round of voting in parliamentary elections. The U.K.’s FTSE 100 gained 0.4% at 7,451. For the week, the Stoxx 600 was on course to fall by 0.5%.

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From:: Stock Market News

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