In European Equity Markets indices pared earlier losses on Friday after Europe’s economy commissioner said no decision had yet been taken on Italy’s controversial budget plan. The pan-European Stoxx 600 ended a shade lower, 0.06 percent down as Friday’s closing bell rang. Auto stocks was the worst-performing sector amid corporate news. Michelin fell 11.28 percent, its worst day in seven years, after announcing lower full-year forecasts. Europe’s oil and gas stocks were above the flat-line.

In Currency Markets the euro recovered from one-week lows against the U.S. dollar on Friday as investors took profits on bets against the currency, after it was burdened this week by concerns about Italy’s spending proposals and Britain’s plans to exit the European Union. The failure to reach a deal for Britain to exit the EU has also weighed on the euro and the British pound. The single currency fell to $1.1433 , the lowest since Oct. 9, before climbing back to $1.1486. Canada’s dollar weakened after Canadian inflation and retail sales data came in weaker than expected.

In Commodities Markets oil prices rose on Friday on signs of surging demand in China, the world’s second-biggest oil consumer, although the market was heading for a second week of losses on rising U.S. inventories and concern that trade wars were curbing economic activity. Benchmark Brent crude oil jumped $1.14 a barrel, or 1.4 percent, to a high of $80.43 before easing back to around $80.29, up $1.00. U.S. light crude was 60 cents higher at $69.25. For the week, Brent crude was 0.2 percent lower while U.S. crude was down 2.9 percent.

In US Equity Markets stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier. PayPal jumped 9.4 percent after the payments company beat quarterly profit estimates as it signed up more customers and volume of payments processed rose. The S&P 500 was up 0.80 percent, at 2,790.96 and the Nasdaq Composite rose 1.09 percent, at 7,566.98. Schlumberger rose 4.4 percent as its third-quarter profit increased on higher oilfield services demand.

In Bond Markets U.S. Treasury yields rose on Friday, with the 10-year yield hovering near a one-week high as traders pared safe-haven bond positions on a recovery in Wall Street stocks and hopes for reduced tension between Italy and the European Commission. Benchmark 10-year Treasury yield yield was 3.196 percent, up 2 basis point from Thursday when it reached a one-week peak of 3.179 percent. Last week, it reached a 7-1/2 year peak of 3.261 percent.