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European stocks shrug off Brexit chaos

European stocks rebounded on Friday as investors' sentiment improved at the end of a tumultuous week and impressive results from Vivendi buoyed the media sector.

Photo: Reuters

The pan-European STOXX 600 rose 0.7 percent. It was still on track for a weekly loss after two consecutive weeks of gains, though, as Brexit crisis, Italy’s budget dispute with the European Commission, and volatile oil markets trimmed risk appetite.

Germany's main gauge DAX climbed 0.6 percent. The UK's FTSE 100 added 0.6 percent after previous session's steep selloff in internal stocks on cabinet resignations.

The tech stocks limited the gains, rising just 0.3 percent, after weak results from U.S. chipmaker Nvidia, the latest in a batch of negative reports for tech details producers.

Shares in France-based media company Vivendi surged 4.7 percent after the company posted solid third-quarter sales.


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