European equities rallied on Friday taking clues from the bullish momentum on Wall Street on the back of expectations of faster global recovery. Shares trading on the Frankfurt am Main stock exchange lagged their European peers following release of weaker than expected growth of industrial orders in Germany.

The index of the largest 600 companies in Europe, STOXX 600 posted the fastest weekly recover since November “vaccine” rally. Germany's DAX Index fell 0.04% after data showed that German-made goods orders fell more-than-expected in December after seven months of gain. France's Sanofi SA rose 2.42% after the company reported better-than-expected fourth-quarter results on Friday and said it intends to increase earnings this year. BNP Paribas (PA: BNPP) fell 0.85% after the bank said pandemic-related write-offs hit fourth-quarter earnings.

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