In European Equity Markets the pan-European STOXX 600 finished the session up 1.09 percent, with all but two of the sectors closing in the black. The FTSE 100 jumped 1.67 percent, the French CAC 40 rose 1.34 percent, while the German DAX closed up just 0.54 percent, as pressure from German automakers weighed. Airbus issued its strongest warning yet over the impact of Brexit, saying that the U.K.’s withdrawal from the EU without a deal would force it to consider it’s long-term position in Britain. Shares however finished trade up over 2 percent.

In Currency Markets the euro rose on Friday as traders were encouraged by improved regional economic growth data and new assurances by Italian politicians that their nation would not leave the single currency. The euro was on pace for a weekly gain of 0.29 percent against the dollar, reversing the prior week’s 1.35 percent decline tied to the European Central Bank’s hint it would hold interest rates through the summer of 2019. The euro climbed 0.35 percent at $1.1642, and increased 0.45 percent to 128.17 yen.

In Commodities Markets oil prices rose sharply on Friday as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global demand. Benchmark Brent crude jumped $2.29 a barrel, or 3.1 percent, to a high of $75.34 before slipping to around $74.60. U.S. light crude was $1.90 higher at $67.44. The OPEC meeting in Vienna, agreed on Friday to boost output from July after its de facto leader Saudi Arabia persuaded arch-rival Iran to cooperate in efforts to reduce the crude price and avoid a supply shortage.

In US Equity Markets energy and bank stocks led the S&P and Dow higher on Friday, though a decline in technology shares capped gains and pushed the Nasdaq slightly lower. Exxon Mobil rose 2.1 percent and Chevron gained 3 percent providing the biggest boost to the S&P 500 and the Dow. The S&P energy index was up 2.9 percent. The S&P 500 was up 0.43 percent, at 2,761.54 and the Nasdaq Composite was down 0.08 percent, at 7,707.01. Microsoft’s 1.2 percent decline and Facebook’s 0.6 percent fall also weighed on the Nasdaq.

In Bond Markets U.S. Treasury yields edged higher on Friday, trading in narrow ranges as risk appetite improved a bit with shares on Wall Street higher, but worries over a trade conflict with China kept investors cautious. U.S. 10-year yields were up slightly at 2.898 percent, from Thursday’s 2.897 percent. Italy’s borrowing costs fell on Friday as the government bond market regained its footing after a sharp sell-off on Thursday, while the Greek bond market received a boost from a euro zone debt relief announcement.