Europe’s Index marks fifth straight winning streak

German and U.K. stocks led advances in European equity trade on Friday, amid weakness in the euro and the pound against the dollar. For the week, the pan-Europe benchmark posted a gain amid a raft of corporate quarterly results.

The Stoxx Europe 600 index gained 0.2% on Friday, rising 0.7% for the week. That marked a fifth straight winning week.

German and U.K. equities marched higher as the euro and the pound fell. Their stock benchmarks are heavily weighted with exporters and multinational companies, and currency weakness can bolster earnings and revenue for those companies.

The pound on Friday dropped to its lowest since early March after a preliminary reading of U.K. first-quarter economic growth significantly undershot expectations. The euro extended losses from Thursday, with analysts saying remarks by ECB chief Mario Draghi suggested the central bank is concerned about slowing in the eurozone economy, even as he stressed a solid, broad-based expansion in the region.

French first-quarter GDP figures released Friday highlighted investor concerns about the health of the eurozone as growth in Europe’s second-largest economy slowed. Draghi also offered little in the way of hints about ending its bond-buying program in September, as expected, and when it expects to begin to raise interest rates.

Meanwhile, investors world-wide were also watching a thaw in tensions between North and South Korea. North Korea’s leader Kim Jong Un crossed the military demarcation line to meet South Korea’s President Moon Jae-in, reportedly discussed denuclearizing the Korean Peninsula during a historic meeting on Friday.

Most U.S. stocks edged higher as the debate continued over whether better-than-forecast corporate earnings are enough to offset signs the economy may be cooling.

Elsewhere, crude oil held above the $68-abarrel level as a geopolitical risk premium in the market limited losses. Prices have been supported by investors waiting to see whether the nuclear accord that Iran signed with world powers in 2015 will remain.