As European countries impose fresh lockdowns, data shows the deteriorating situation of the economy.
The STOXX 600 gained 0.4%, its highest rise since December. It also recorded a 3.7% gain this week.
The STOXX 600 index rose 0.3% with commodity-linked shares and banking stocks leading gains.
Europe's eurostoxx 50 futures and Germany's DAX futures were both up 0.2%, while futures for London's FTSE were barely changed. E-mini futures for the S&P 500 were slightly lower.
The pan-European STOXX 600 index fell 0.5% set to end the week marginally lower.
Investors forecast a strong recovery once the pandemic comes under control. However, resurging cases in some parts of China and Japan are still keeping them worried.
Analysts forecast economic growth in 2021 after it contracted last year due to the pandemic.
The pace of vaccinations in Asia and Africa is very tardy. Most African countries have not received any vaccines. This gives time to developing countries to evolve rigorous delivery systems for the vaccines. Whilst working in an African country, our
Despite the decline, investors are focusing on European equities as a good investment, said, analysts.