Enel could win 5 bln euros of EU investment funding report
German economy likely stagnated in Q4 stats office
UK economy grows 0.1 in November
STOXX 600 up 0.6

Jan 13 Reuters European shares rose on Friday and were hovering near a ninemonth high, supported by healthcare and banking stocks and upbeat economic data from the UK.

The panregional STOXX 600 gained 0.6 by 0918 GMT, with investors looking ahead to earnings from big U.S. banks.

UK39;s FTSE 100 added 0.6 after data showed the British economy eked out 0.1 growth in November, helped by a boost from World Cup drinkers and video game sales, reducing the chance that it has already slipped into recession.

In Germany, data showed the economy likely stagnated in the final quarter of last year and grew by 1.9 over the fullyear 2022, suggesting Europe39;s largest economy may just escape a recession over the winter.

European shares were headed towards a second straight weekly gain, in an upbeat start to January and the new year, after data signalled a slowdown in inflation in the euro zone and the United States, which could allow central banks to slow the pace of their monetary policy tightening.

It is a direct consequence of the slightly more bullish outlook that markets are taking with respect to the overall wider economic outlook, said Michael Hewson, chief market analyst at CMC Markets UK.

At the moment, it is a rising tide that lifts all boats.

Ratesensitive tech and retail stocks have led gains so far…