The pan-European STOXX 600 index rose 0.3 percent by 0711 GMT, after falling for two consecutive days.
And US inflation data caused a wave of selling in global markets this week, as it boosted expectations that the Federal Reserve (the US central bank) will raise interest rates by another 75 basis points next week.
The banking sector index rose 1% and came at the forefront of the gaining sectors, with banks waiting to achieve the largest possible gain from raising interest rates, while Morgan Stanley said that this is a positive thing for banks in the region.
The French CAC index was unchanged, after official data showed, on Thursday, that the annual inflation rate in France slowed to 5.9 percent in August from 6.1 percent in July, and economists polled by Reuters had expected inflation to decline to 5.8 percent.
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