European stocks post their strongest weekly performance in ten weeks

get up European STOXX 600 index 0.1 percent, recording growth for the seventh day in a row and the biggest weekly performance in the last ten weeks.

French stocks rallied after President Emmanuel Macron said he would name a new prime minister in the coming days, with his priority being drafting a budget to be approved by parliament for next year, after lawmakers ousted the previous government.

France’s CAC 40 index rose 1.3 percent, hitting its highest level in three weeks. The index also posted its biggest weekly gain in ten weeks, narrowing its annual decline to 1.5 percent, compared with more than three percent earlier in the week.

Yields on French bonds also fell.

Shares of luxury goods companies jumped three percent to hit a two-month high, supported by a five percent rise in shares of Italian company Moncler.

And closed German DAX index It rose 0.1 percent, marking its biggest weekly gain in more than two months.

The jobs report also weighed on markets US Which showed the acceleration of employment growth in November.