From Nasdaq: 2025-05-16 05:05:00

European stocks rose on Friday as weak U.S. economic data hinted at potential interest rate cuts by the Federal Reserve. Fed Chair Powell warned of inflation risks due to supply shocks. The STOXX 600 climbed 0.6%, with the DAX up 0.7% and CAC 40 and FTSE 100 around half a percent. United Internet AG surged 6%, while ASSA ABLOY AB gained 1% after acquiring TeleAlarm Group. Richemont reported a 7% sales rise, Swiss Re had strong Q1 results, and Land Securities declined. Workspace Group shares fell 10%. France’s jobless rate rose slightly to 7.4% in Q1.



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