Europe: Stocks Close Higher.

European stocks closed higher on Friday amid softer than expected inflation data, while markets continued to gauge the likelihood of a deal in Iran. The Euro STOXX 50 added 0.3% to 6,065 and the STOXX Europe 600 inched 0.2% higher to 626.5. US President Trump's final approval was still pending following reports that the US and Iran agreed to a memorandum that would pave the way to restore tanker flows from the Strait of Hormuz, lowering energy prices and sovereign yields this week. Additionally, EU-harmonized inflation rates were lower than expected in Germany and France, raising hopes that the ECB will deliver multiple rate hikes this year. Banks closed higher following a volatile week, with BBVA, UniCredit, and BNP Paribas adding around 1.5%. In turn, SAP jumped 2.4% on a rebound for US software firms. Meanwhile, AstraZeneca rose 1% after receiving US approval for a bladder cancer treatment. The Euro STOXX 600 added 0.6% this week and the STOXX Europe 600 edged 0.2 higher.