European stocks rise for the week as Ibex gains 1.54%

European stock markets ended a turbulent week higher, despite worries about US inflation, government debt and technology spending.

Spain’s Ibex 35 rose 0.77% on Friday to 19,326.30 points, bringing its weekly gain to 1.54%.

Germany’s Dax gained 2.1% over the week, while France’s Cac rose 1.97% and Italy’s Mib added 0.22%.

In the United States, the Nasdaq was heading for a weekly loss of about 3.5%, as investors questioned whether huge investments in artificial intelligence will pay off.

South Korea’s Kospi and Japan’s Nikkei also fell sharply during the week, though both rebounded on Friday; their weekly losses remained about 14% and 5%, respectively.

Federal Reserve chair Kevin Warsh cooled expectations of an interest-rate increase in October, helping ease pressure on markets and government bonds.

Investors will continue to watch whether AI-related companies can turn their heavy spending into profits, while analysts cited in the coverage said current business earnings distinguish the boom from the dot-com era.