LONDON — European markets rose on Friday as a global sell-off in equities eased and investors awaited U.S. inflation data.
The pan-European STOXX 600 was recently 0.53 percent higher, with most sectors and major stock exchanges in the green.
Mining and oil and gas stocks led the gainers, rising 1.47 percent and 1.43 percent respectively, while food and beverage stocks fell 0.5 percent.
Cars made up for the losses of the previous day and rose by 0.41% after Germany’s Mercedes Benz announced that it was lowering its annual profit margin forecast.
NatWest rose as much as 7 percent after the British bank reported that its pre-tax operating profit fell less than expected in the first half of the year.
European stocks closed the last two trading sessions lower amid a sharp decline in technology stocks, with Wall Street's tech-heavy Nasdaq Composite losing more than 3 percent this week.
Overall, the Stoxx's losses have narrowed since last week, when the regional index posted its worst performance since October.
The key item on the data front on Friday is the U.S. personal consumption expenditures price index, due to be released at 8:30 a.m. ET, as investors look for more support for high expectations of a September rate cut. Economists surveyed by Dow Jones expect the benchmark index to come in at 2.5% annually and 0.1% monthly.
Asia-Pacific markets broadly recovered on Friday as headline inflation in Tokyo slowed slightly to 2.2% in July from 2.3% in May. U.S. stock futures were higher in the early hours.
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