Investors' focus over the coming week will be on central bank meetings at home as well as across the Atlantic in the US.
The cost of living in the single currency bloc continued rising in April, hitting a new record in the process as inflationary pressures broadened out from energy.
London stocks managed a positive finish heading into the long weekend on Friday, as investors ended the week wading through another flood of earnings reports.
Americans grew more confident in April thanks to the retreat in expectations for increases in the price of petrol, the results of a very closely-watched survey revealed.
The FTSE 100 ended a turbulent week 22. 87 points higher, closing at 7,544. 55 on Friday.
European markets closed higher on Friday despite weaker first-quarter growth and higher inflation in the eurozone as shares in UK chemicals company Johnson Matthey soared on news a US fund had taken a 5% stake in the firm.
European markets were still higher at midday on Friday as another raft of strong corporate earnings drove sentiment and shares in UK chemicals company Johnson Matthey soared on news the investment arm of US-based Standard Industries had taken a 5% stake in the firm.
Shares in UK online electrical goods seller AO World plunged on Friday after the company issued a profits warning as it faced falling sales and warranty cancellations by customers looking to save cash during the cost of living crisis.
Audio hardware specialist Focusrite was on the list of buys on Friday, after one of its non-executive directors spent almost £40k on shares.
Analysts at Berenberg hiked their target price on financial services company Standard Chartered from 640. 0p to 750. 0p on Friday, citing a "moment of clarity" on growth and returns.
The FTSE 250 was up 0. 86% at 20,797. 66 at 1511 BST.
The FTSE 100 was up 0. 78% at 7,567. 69 at 1521 BST.
Hikma Pharmaceuticals shares fell as the company reported headwinds at its generics business.
Wall Street stocks were in the red early on Friday following big tech earnings overnight and some key data points early in the session.
Shares in UK chemicals firm Johnson Matthey surged by more than 30% on Friday after the investment arm of New York-based Standard Industries took a 5. 23% stake.
Factory activity in the Chicago area fell more quickly than expected in April as new order growth nearly stalled, the results of a survey showed.
London’s top-flight index saw its gains slowly dissipating by lunchtime on Friday, following a solid session on Wall Street overnight, as investors waded through another flood of earnings reports.
The broadest measure of inflationary pressures in the US jobs market jumped by more than forecast last month as benefits exploded.
A jump in inflation meant that Americans' spending in fact fell last month when measured in real terms, although prices rose a tad less quickly than anticipated.
Analysts at Berenberg hiked their target price on financial services company Standard Chartered from 640. 0p to 750. 0p on Friday, citing a "moment of clarity" for growth and returns.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.
The value of investments can fall and you may get back less than you invested.