New York - Stock markets worldwide rose on Friday on stronger-than-expected economic growth in Germany and optimism that Greece would reach a deal with its creditors, while oil prices gained on signs that excess supply may ebb.
Germany reported growth of 0.7% for the fourth quarter, more than double economists' expected 0.3% rate, pointing to a stronger 2015 for the eurozone's biggest economy.
The growth in Germany boosted the overall eurozone economy, which accelerated by 0.3%. Top European shares hit a seven-year high, while Germany's DAX index hit a record high. US shares rose, with the benchmark S&P 500 index posting a record closing high.