Major European stock markets recovered Friday from the losses caused by the bomb explosions attacking London one day earlier.

The London market proved resilient enough to recoup all of the losses prompted by Thursday's fatal bomb blasts in London, with the FTSE 100 ending at 73.9 points higher at 5,232.2 as confidence in the markets returned despite the attacks.

Travel firms, including British Airways and BAA, bounced back after taking a battering in the previous session.

Shares in insurers, which suffered on Thursday, also recovered with Aviva and Prudential posting strong gains.

Major oil stocks continued to provide support to the market as oil prices rose back above the $61 per barrel mark.

In Frankfurt, German shares rose across the board as European markets, with the DAX gained 1.5 percent, or 67.79 points to close the day at 4,597.97, with no losers reported in the top index.

Chipmaker Infineon was up nearly 4 percent to 7.81 euros after Merrill Lynch raised its earnings per share estimate.

The Deutsche Boerse, the German stock exchange, gained 1.50 percent to 68.42 following an upgrade from WestLB.

In Paris, shares closed higher on Friday, with the CAC 40 index ended the day 79.69 points higher to 4,300.31. One major riser was STMicroelectronics, the computer chip firm, which gained 4.19 percent to 13.68 euros after an upgrade from Goldman Sachs.

In the currency market, the US dollar gained territory from 1. 1932 an euro to 1.1932 Friday, while the dollar advanced to one dollar to 112.34 Japanese yen from 112.07 yen. And the greenback rose to 1.7338 to a British pound from 1.17420 previously.

Source: Xinhua