The pan-European Stoxx 600 benchmark closed up 1.3%, with media companies up 2.3% and construction stocks up 2.4%. Utility costs and household products remained unchanged throughout the session.
The blue-chip index, however, experienced its worst monthly performance since June on the last trading day of September, down 7.8% for the month and 6% for the third quarter.
Fears of slower GDP and aggressive monetary policy tightening have hurt international markets.
After the Bank of England intervened in the bond market on Wednesday to support the nation’s financial stability following an unprecedented sell-off in long-dated gilts, volatility has persisted in the U.K. markets.
Following the new government’s heavily criticised fiscal policy statements on Monday, sterling likewise hit an all-time low; however, it has since mounted a considerable recovery and reached a week-high on Friday.
On Friday afternoon, a number of Fed officials are scheduled to speak domestically. The markets will be eagerly monitoring these speeches for clues about the speed of the central bank’s upcoming rate hikes.
