Technology stocks took a small breather after Thursday's brutal sell-off, which pushed US stocks to their biggest one-day loss in losses in three months.
The STOXX Europe 600 technology index — which comprises the likes of German software firm SAP, Dutch semi-conductor supplier ASML — and was up 0.2% at 581.23. Neil Wilson, chief market analyst at Markets.com, said:"European equities were dragged lower by the tech-induced sell-off on Wall Street yesterday but recovered in early trade on Friday morning. With sentiment rolling over in the big US names, any rally may prove to be a selling opportunity."
He added:"We'd been worried by spiking VIX futures whilst the market was making all-time highs and so it proved to be a red flag. The question longer term for this market is whether we should be confident earnings will recover."
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