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European shares closed the week on an upbeat note, drawing optimism from the record performance of the S&P 500 this week, which was at all-time highs of $4,894.17 (€4,500.34) on Friday afternoon. A surprisingly robust advance estimate for the Q4 2023 US gross domestic product (GDP) report contributed significantly to the positive sentiment. The CAC 40 index inched up 2.52% this week to €7,637.8, with the Stoxx 600 index also rising 2.71% to €484.1. The FTSE 100 index closed up 2.46% at £7,640.9 (€8,956.2). Gold dropped 0.35% to $2,021.3 per ounce while Brent crude oil prices inched up 4.93% to…

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