European stocks ended higher on Friday, gaining ground for a third consecutive session as heavyweight mining shares including Xstrata soared on market talk of consolidation in the sector.
European shares ended slightly higher on Thursday, led by gains in financials after two key rate decisions came in as expected, but investors worried that inflation would deter future easing by central banks.
European shares gained 1.7 percent on Wednesday, snapping a two-day losing streak as banks and commodity stocks rose and a series of U.S. data releases soothed some concerns over the outlook for economic growth.
European shares ended firmly lower Tuesday as banking stocks sank in the run up to European and British interest-rate decisions and concern over tightness in the credit market remained.
European shares finished in the red after U.S. Treasury Secretary Henry Paulson said the housing market troubles will take "some penalty" on growth, but that the economy was solid.
European equities rose for the third straight day on Friday as banks took pole position on rising prospects of cuts in U.S. interest rates, but markets still ended with their worst monthly performance since May 2006.
European stocks ended higher Thursday, following a fairly mixed session, as investors took confidence from a Federal-Reserve-induced rally in the previous U.S. trading day. But, cautionary comments by the Bank of England's Monetary Policy Committee members dragged many British banks into the red.
European shares jumped 2.6 percent on Wednesday, driven by a rally in recently beaten-down banks and tracking strong gains across the Atlantic, where hopes of a U.S. rate cut buoyed equities.
European shares recovered some of Tuesday's lost ground, led by a sharp bounce on Wall Street and a turnaround in some of the defensives sectors such as food stocks that had fallen earlier in the day.
European equities were expected to gain ground on Monday, adding to a two-session recovery as investors continue to look for bargains following a selloff in the first three weeks of November.
European stocks rose for a second session in a row on Friday, as mergers and acquisitions talk prompted investors to scoop up recently battered financials and mining shares.
European shares ended in positive territory on Thursday, driven higher by pharmaceuticals after a broker upgrade of the sector, while flat commodity prices weighed on shares of mining and energy companies.
European shares fell sharply on Wednesday as fresh concern about the fallout of a credit crunch hit banks, while the record high euro dragged down shares of major exporters.
Gains in energy shares helped European equities end more than 1 percent higher on Tuesday, paring the previous session's 2 percent fall.
The major European indexes ended firmly in the red Monday, despite a positive start to the trading session, as financial, basic resources and auto-maker stocks fell sharply.
Banking stocks led European shares to a two-month closing low on Friday as concern grew the sector could be faced with further problems stemming from the meltdown in the US subprime mortgage market.
European shares fell over one percent on Thursday as uncertainty over subprime-related exposure hurt Royal Bank of Scotland, a stake sale took Sanofi-Aventis lower and energy groups tracked falling oil prices.
European shares rose for the third straight day on Wednesday led by British bank HSBC, which reported higher profits, but analysts and traders said sentiment was fragile and big investors cautious.
European stock indexes closed mixed on Tuesday as the impact of gains in telecoms inspired by a raised outlook from Vodafone, was countered by losses in the energy sector which tracked weaker oil prices.
European shares ended flat on Monday after a three-day losing streak as a bounce-back in financial stocks, which have borne the brunt of the global liquidity crisis, offset a fall in energy shares.