European stocks rose on Friday, with sentiment improving due to the limited interest rate hike approved by the European Central Bank, alongside better-than-expected results from "Adidas" and "Apple." The pan-European "Stoxx 600" index gained 0.3%, but is on track to record its second consecutive weekly loss.
Banking and energy stocks led the gains on the index, rising 1.2% and 1.8% respectively, while mining stocks declined by 0.2%. The European Central Bank raised interest rates by 25 basis points, marking the smallest increase in the current rate-hiking cycle that began last summer, bringing borrowing costs to 3.25%. Shares of "Adidas" soared by 5.2% following its announcement of better-than-expected results for the first quarter.
