European stocks stabilized today, Friday, after a three-day sell-off as strong expectations from retail giant Amazon and several other companies overshadowed recent concerns about a slowdown in global economic growth. The European "Stoxx 600" index rose 0.1% by 07:23 GMT, but it is still on track to record its worst weekly performance in nearly a month.
Futures in Wall Street rose as strong forecasts from Amazon outweighed negative expectations from Apple, ahead of the release of U.S. jobs data. French bank Crédit Agricole's shares rose 4.2% as strong results in insurance and consumer finance helped it achieve positive quarterly profits. Meanwhile, shares of state-owned Italian bank Monte dei Paschi di Siena surged 4.8% after announcing better-than-expected earnings in the second quarter of the year.
