Economic news

European stocks on track for best year since 2013

European shares firmed in early trading on Friday, the final trading session of the year, and were on course for their strongest year of surge since 2013 due to solid tech and resources stocks.

The pan-European STOXX 600 index was virtually flat at 389,56 points.

The UK's FTSE 100 hit a new record high, rising 0.1% to 7,632.56 points. For the year it increased 6.9%. The UK stock market in recent years has been strengthened by the weakness of the pound after voting in June 2016 on the withdrawal of the country from the European Union.

The DAX 30 in Germany was 0.1% lower at around 12,971.04 points. The growth of the index for the year was 14%.

The French CAC 40 also sank 0.1% to 5,336.39 points.

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