European shares claw back gains after worst week in six months

LONDON: European shares staged a modest recovery on Friday after suffering heavy losses this week prompted by political turmoil in the United States that fuelled worries over President Donald Trump's stimulus plans and dented appetite for riskier assets.
The pan-European 600 index rose 0.6 percent, not enough to turn it around from its worst week in six months. Britain's FTSE and euro zone blue chips  also gained 0.4 and 0.7 percent respectively.
While gains were spread across all sectors, financials - among the most hit by this week's sell-off - gave the biggest boost to the with heavyweight banks BNP Paribas and UniCredit  up 2 percent.
Spain's Banco Popular jumped 10 percent after sources said Santander or Bankia were likely to acquire the bank, which is struggling to clean up soured property assets.