Europe's main stock markets closed higher on Friday.
The FTSEurofirst 300 was up 0.65% at 1197.85.
In Paris the CAC 40 rose 0.77% to 4,491.85, while in Frankfurt, the Dax ended 0.28% higher at 6,561.65.
In London: the FTSE 100 index added 0.21% to close at 5,489.20.
Markets in the United States rebounded strongly, despite mortgage finance giant Fannie Mae announcing a loss of $US2.3 billion.
The US dollar reached five-month highs against a broad range of currencies.
NZ & Australia
The New Zealand share market took a dive on Friday as the NZX 50 index fell 21 points to 3358 on turnover of $113 million.
Telecom was down 28 cents to $3.40. Contact Energy was up 10c to $8.70 and Fletcher Building was down 11c to $6.69.
GPG was up 9c to $1.55 after selling its stake in Tower Australia for a profit of $A220 million. Tower was up 6c to $2.16.
Fisher & Paykel Appliances was up 8c to $2.11. New Zealand Oil & Gas was down 2c to $1.55.
The New Zealand dollar continued to drift downwards, buying US70.32 cents, 78.36 Australian cents, 36.40 pence, 77.00 yen and 0.4611 euro. The Trade Weighted Index was 64.37.
The Australian share market closed flat on Friday. The S&P/ASX200 index was up 2.9 points to 4986.2, while the All Ordinaries gained 7.6 points to 5037.6.
The September share price index futures contract fell one point to 4974 on a volume of 20,846 contracts.