European shares recovered on Friday as oil prices eased on hopes of a pause in the Middle East conflict, while telecom stocks came under pressure following SpaceX’s deal to acquire a nationwide spectrum portfolio.
The pan-European STOXX 600 index rose 0.8% to 630.47 points by 0718 GMT, rebounding after closing at a near four-month low on Thursday as surging oil prices and bond yields weighed on investor sentiment.