European stocks firm after 3-day sell-off

European stocks stabilized today, Friday, after a three-day selling wave, as strong expectations from retail giant Amazon and a number of other companies outweighed recent concerns about slowing global economic growth.

According to “Reuters”, the European Stoxx 600 index rose 0.1% by 0723 GMT, but it is still heading to record its worst weekly performance in nearly a month.

Futures rose on Wall Street, as strong expectations from Amazon outweighed negative expectations from Apple, ahead of the release of US jobs data.

French bank Credit Agricole rose 4.2%, as strong results from consumer insurance and financing activity helped it record positive quarterly earnings.

Italian state-owned bank Monte dei Paschi di Siena jumped 4.8 percent, with profits that exceeded expectations in the second quarter of the year.