European shares rose on Friday, with miners and energy firms gaining after China reported its first monthly rise in factory output this year, but concerns about global economic recovery kept stocks on course for weekly declines.
The pan-European STOXX 600 rose 1 per cent. Miners, exposed to the health of the world’s second-largest economy, jumped 3.7 per cent after data showed China’s industrial production climbed at a faster-than-expected 3.9 per cent in April.
A surge in oil prices amid signs that demand was picking up helped add 2.2 per cent to the oil & gas index.
Global stock markets have slid this month after a solid recovery in April on fears of a possible resurgence in COVID-19 cases as economies ease restrictions. The STOXX 600 is set for its biggest weekly drop since the height of mid-March selling.
