European stocks rebound after three sessions of decline

European stocks rebounded on Friday after three sessions of decline, as concerns about US involvement in the Middle East conflict eased, providing some respite to investors.

The pan-European STOXX 600 index rose 0.4% to 537.98 points, but remained on track for its second consecutive weekly decline.

In contrast, energy stocks were at the bottom of the index, losing 0.7%, paring some of the gains from earlier in the week.

British construction company Berkeley was the biggest loser, falling 8% after it announced the appointment of current chief financial officer Richard Stern as its new chief executive, despite its annual pre-tax profit coming in slightly above market expectations.