Investing.com - European stocks rose on Friday, as they recovered from losses posted throughout the week following a global selloff in bond markets, while investors continued to focus on Greek debt talks.
During European morning trade, the EURO STOXX 50 added 0.13%, France’s CAC 40 climbed 0.41%, while Germany’s DAX 30 edge up 0.12%.
Equity markets weakened after German and U.S. bund yields rose to the highest level in five months on Thursday as a broad based selloff in global bond markets continued.
German bund yields act as benchmarks for European financial markets and higher yields push the euro higher against the dollar. Yields rise as prices fall.
Separately, Greek officials were set to hold talks with the euro area and the International Monetary Fund on Friday, amid mounting pressure for Athens to seal an agreement for aid as it runs out of cash reserves and time.
Financial stocks were broadly mixed, as French lenders Societe Generale (PARIS:SOGN) and BNP Paribas (PARIS:BNPP) rose 0.26% and 0.58%, while Germany's Deutsche Bank (XETRA:DBKGn) slid 0.35%.
Among peripheral lenders, Italy's Intesa Sanpaolo (MILAN:ISP) and Unicredit (MILAN:CRDI) declined 0.36% and 0.47% respectively, while BBVA (MADRID:BBVA) edged up 0.07% and Banco Santander (MADRID:SAN) fell 0.13% in Spain.
Elsewhere, Roche Holding (SIX:ROG) surged 3.01% after a study showed that the drugmaker's experimental immunotherapy for lung cancer doubled the likelihood of survival for some patients.
In London, FTSE 100 rose 0.23%, led by Coca Cola HBC AG (LONDON:CCH), up 3.53% after the bottling company said volumes increased by 7.2% in the first-quarter, thanks to four additional selling days, the earlier timing of the Easter holiday and good performance in Nigeria, Poland, Romania, Hungary and the Czech Republic.
Mining stocks were also mostly higher on the commodity-heavy index. Shares in Bhp Billiton (LONDON:BLT) edged up 0.13% and Glencore Xstrata (LONDON:GLEN) added 0.20%, while Rio Tinto (LONDON:RIO) gained 0.22%.
In the financial sector, stocks were mixed. Lloyds Banking (LONDON:LLOY) and the Royal Bank of Scotland (LONDON:RBS) slipped 0.13% and 0.20% respectively, while HSBC Holdings (LONDON:HSBA) and Barclays (LONDON:BARC) rose 0.24% and 0.34%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.14% increase, S&P 500 futures signaled a 0.13% rise, while the Nasdaq 100 futures indicated a 0.23% gain.
Later in the day, the U.S. was to release reports on industrial production, manufacturing activity in the New York region and consumer sentiment.