Europe Markets

FTSE post record close above 7,000; Vedanta soars

European equities closed higher on Friday, with the FTSE 100 provisionally up 0.8 percent, above 7,000 for the first time.

The U.K. index was boosted by a strong performance from British energy and basic resources stocks, which are a strong component of the index.

However, a particularly strong performer was cement firm CRH, which surged roughly 5 percent on the news that it will purchase 6.5 billion euros ($7.0 billion) of assets from Holcim and Lafarge, which have salvaged a multibillion-euro plan.

Also in the U.K., shares of Vedanta Resources rocketed to close 16 percent higher after it unveiled cuts to capital expenditure plans.

U.K. and mainland European stocks were also boosted by positive momentum from Wall Street, which has rocked between gains and losses in recent days.

Euro zone stocks in particular were additionally boosted by rising hopes that the new Greek government could yet strike a deal with its international bailout supervisors. This came after German Chancellor Angela Merkel said on Friday that payments to Greece could begin in tranches if the country's list of reforms was approved.

The Athens Composite closed up roughly 2.9 percent after Merkel's positive comments, with the French CAC index, German DAX and Italian FTSE MIB ending more than 1 percent higher.

The Spanish IBEX finished provisionally 3.1 percent higher.

The euro rose strongly against the U.S. dollar on Merkel's words, helping U.S. light crude oil jump nearly 5 percent.

Read MoreOilrises as weaker dollar offsets supply woes

Quadruple witching

Friday is also a "quadruple witching" day, with three related classes of options and future contracts, along with individual stock futures options, expiring.

Quadruple witching is usually accompanied by greater than usual volatility in stock and derivatives prices, and increased trading.

Read MoreFind out more about quadruple witching

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