European Markets Show Gains Amidst New Economic Data

Following the publication of additional regional economic indicators, major European stock markets ended the week mostly on an upward trend on Friday. Initial reports highlighted that Italy's inflation rate for February persisted at 0.8% year-over-year. Meanwhile, France's National Institute of Statistics and Economic Studies (INSEE) confirmed in its conclusive February analysis that the annual inflation rate reached 3%. Market reactions saw Vonovia's shares plummet by as much as 10% after the real estate giant disclosed its largest yearly loss on record.