European stock markets closed higher Friday as talks to raise the U.S. debt ceiling reached their crucial final week.
The pan-European Stoxx 600 index closed 1.2% higher after falling to its lowest level since early April through three negative sessions.
All sectors ended in positive territory, with tech stocks surging 3% and mining stocks up by 2.5%.
European markets
Investors are still closely watching U.S. negotiations over the deal, which are progressing but in a "sensitive phase," according to Republican negotiator Rep. Patrick McHenry.
Tech stocks were buoyed on Thursday by artificial intelligence beneficiary Nvidia's strong results, with Dutch chip machine maker ASML ending the day almost 5% higher and the Nasdaq Composite rallying 1.7%.
Asia-Pacific markets rode the positive momentum into Friday, and mainland Chinese markets reversed earlier losses.
U.S. stocks were higher as investors monitored the debt ceiling talks and analyzed data releases on personal consumer expenditures, personal income, consumer spending and sentiment and durable goods.