Bourses in Frankfurt and Paris rose 1.4 per cent and 1.1 per cent, respectively. London markets were closed for a public holiday.
Basic resources stocks were the best weekly performers among the European subindexes, as optimism over the gradual reopening of economies and robust Chinese trade data pushed up commodity prices. Italy for instance, depends heavily on one of the programmes to keep borrowing costs down , and with the country set for its worst post-war recession, its lenders face a surge in bankruptcies.
"As we do not expect a downgrade by Moody's, the likelihood is that we will see a solid start on Monday," UniCredit analysts wrote in a note.
Source: News Formal (newsformal.com)
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