European markets closed higher Friday as U.S. debt ceiling talks boosted investor sentiment.
The pan-European Stoxx 600 index closed up 0.77%, with all sectors in the green bar retail, which dipped 0.8%. Financial services led gains, with a 2.2% uptick, followed by construction stocks, which were up 1.56%.
European markets
German stocks extended the previous day's gains, with the DAX index climbing 0.8% to close at 16,275.38, an all-time high.
Tesco shares traded 0.5% lower after the supermarket chain said Chairman John Allan would step down at its shareholder meeting on June 16, following reported allegations of inappropriate behavior.
Traders will be keeping an eye on the Group of Seven summit in Hiroshima, which started Friday, where world leaders are expected to discuss international trade and security. China and Russia relations and sanctions are on the agenda for discussions between Canada, France, Germany, Italy, Japan, the United Kingdom and United States.
Over in Asia, the Japanese market continued its winning streak, with stocks surging to their highest level since 1990 and most other Asia-Pacific markets also seeing an uptick.
U.S. stocks were also chipper, with the S&P 500, Dow Jones Industrial Average and Nasdaq-100 all headed for weekly gains.