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European stock markets moved higher on Friday, recovering some of the losses recorded earlier in the week as volatility in government bond markets moderated. However, regional equities remained on course for a weekly decline amid concerns about French public finances, rising borrowing costs and geopolitical tensions.
The Euro (EUR) trims losses against the British Pound (GBP) on Friday, as the bond rout eased, allowing for a mild risk appetite during the Asian session.
Investing.com -- European banking stocks have fallen sharply over the past two weeks as rising government bond yields and mounting concerns over France’s public finances prompt investors to reassess one of the region’s strongest-performing sectors.