Manama: European shares head for strongest weekly gain in over a month: European shares rose to a record high and were on track for their strongest weekly gain in more than a month as expectations of a near-term increase in US interest rates eased.
According to Bahrain News Agency, the pan-European STOXX 600 index gained 0.5% to 651.52 points. Germany's DAX also rose by 0.9% to reach a record high, bolstered by a 1.2% increase in Siemens shares.
Defence stocks led the gains this week, alongside economically sensitive sectors.