European equities rose on Friday, after Wall Street stocks touched a record high in the previous session, as strong corporate earnings overshadowed jitters about slowing growth and rising inflation that had weighed on markets earlier in the autumn.
The regional Stoxx Europe 600 share index rose 0.5 per cent in early trading, taking its gain during October so far to 3.5 per cent.
The index has now recouped all of its losses chalked up in September, when global stock markets were weighed down by stagflation fears caused by spiralling energy costs, pandemic-related supply chain disruptions and the prospect of central banks raising interest rates to combat high consumer prices.
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