(Reuters) - European stocks opened higher on Friday, propped up by positive company updates, although investors remained cautious about a resurgence in U.S. COVID-19 cases and its impact on the global economy.
The pan-European STOXX 600 index (STOXX) was up 0.6% by 0720 GMT, with technology (SX8P), chemical companies (SX4P) and miners (SXPP) leading sectoral gains.
Markets this week have swung between fears of a second wave of coronavirus cases and signs of more economic support from governments and central banks. The STOXX 600 is still on course to post a 1% weekly loss.
Air France-KLM (PA:AIRF) jumped 5% after governments of France and Netherlands reached a deal on an aid package for the airline group, with the latter saying it would provide a 3.4 billion euro ($3.81 billion) financing package.
AMS (S:AMS) rose 5.7% after the Austria-based semiconductor company rejected media allegations of market manipulation during its takeover of Osram (DE:OSRn).