By Barbara Kollmeyer and V. Phani Kumar
European stocks ended higher Friday, though they pared gains following the release of mixed U.S. jobs data.
In Asia, Indian stocks fell for the sixth time in the past eight sessions to a low for the year, while Tokyo got a boost from a potential big steel merger and an upbeat profit forecast.
The Stoxx Europe 600 index rose 0.3% to 285.90, its fourth consecutive gain, giving it a 1.9% advance for the week.
Brian Gallagher , strategist at Dolmen Stockbrokers, said Thursday's rhetoric from U.S. and European central banks helped support European markets.
In LONDON , the FTSE 100 index gained 0.2% to 5997.38, to finish the week up 2%. Cairn Energy fell 2.7% on concerns over its deal to sell its stake in Cairn India to Vedanta Resources. Vedanta rose 0.9%.
Barclays /zigman2/quotes/206581728/composite BCS +1.36% rose 2.4% as Goldman Sachs upgraded Europe's banking sector to "overweight" from "neutral."
In PARIS , the CAC 40 index gained 0.3% on the day and 1.1% for the week to 4047.21. Building-materials firm Compagnie de Saint-Gobain rallied 3.6% after Royal Bank of Scotland reiterated its "buy" rating on the stock. HeidelbergCement /zigman2/quotes/202418791/delayed DE:HEI +0.19% climbed 3.1%.
In FRANKFURT , the DAX 30 index rose 0.3% to 7216.21 to a 52-week high. The index rose 1.6% for the week. Friday's gain came on the back of a 2.5% rise for Deutsche Bank /zigman2/quotes/203042512/composite DB +1.04% . Bernstein Research raised earnings and price targets, saying the lender is an attractive near-term opportunity.
Munich Re /zigman2/quotes/205537285/delayed DE:MUV2 -1.45% rallied 2.7% on an upgrade to "overweight" from "neutral."
In TOKYO , the Nikkei Stock Average climbed 1.1% to 10543.52, leaving it up 1.8% for the week. It was the second straight weekly increase.
Nippon Steel /zigman2/quotes/209782682/delayed JP:5401 -1.20% and Sumitomo Metal Industries surged after the two agreed to merge in a deal that would create the world's No. 2 steel producer.
Nippon Steel climbed 9.1% and Sumitomo Metal jumped 16%.
In MUMBAI , India's Sensex retreated 2.4% to 18008.15, after climbing 2% in the previous session. It finished the week down 2.1%, the second straight weekly decline.
ITC /zigman2/quotes/202721241/delayed HK:372 -3.39% fell 4.2% on fears the government would increase cigarette taxes in the budget for the next fiscal year.
Technology shares were sharply lower after recent outperformance as investors used recent strengthening in the rupee against the dollar as an excuse to take profits, analysts said. Infosys Technologies /zigman2/quotes/208929210/composite INFY -1.71% fell 2.2%. Tata Consultancy Services shed 3.1%.