European stocks rise to cap off successful week.

European markets are expected to open slightly higher on Friday, capping off a successful week for global equities.

The CAC 40 index in France, the DAX in Germany, and the FTSE 100 in the U.K. all experienced significant gains yesterday.

This week, the pan-European index has risen more than 2%, indicating that it is on track for its strongest showing since May 10.

U.S. stocks experienced substantial growth, with a significant increase occurring on Thursday when weekly jobless claims decreased and U.S. retail sales data exceeded expectations.

The sharp global sell-off at the start of the month was not solely due to jitters over a U.S. recession, as further signaled by investors. Analysts suggest that part of the volatility may be attributed to historical August trends in trade, as well as ripple effects from Japanese monetary policy.

Despite starting the month at higher levels, the Stoxx 600 and Wall Street have not fully recovered from their recent decline, but steady gains throughout the week have helped to mitigate some of the losses.

On Friday, U.K. retail sales rebounded from a 0.9% decline in June to 0.5% growth in July, in line with expectations in a Reuters poll. Sales volumes were up 1.1% in the three months to July.

While U.K. inflation rose to 2.2% in July, it was lower than anticipated, and the economy experienced 0.6% growth in the second quarter.

The stock markets in the Asia-Pacific region rose on Friday, mirroring the upward trend of U.S. data.