Stock markets in Europe ended with weekly gains on Friday in reaction to successful Italian bond auction. Italy sold 5.95 billion euros equivalent to $7.9 billion of debt meeting its target however, the yield on 10 year Italian bond gained to 5.84 percent from 5.24 percent. The Italian FTSE MIB index gained 1.7 percent to 14,751.90 with Banca Popolare as the top gainer which posted the gians of 5.9 percent.

The Stoxx Europe 600 index jumped 1 percent to 259.72 for the day. The top performer was the Swedish engineering group Sandvik AB which soared 13 percent. However, markets also witnessed some selling pressure in afternoon in reaction to weaker than expected US GDP data. US gross domestic product growth rate increased 2.2 percent as compared to 3 percent in prior quarter.

In Greece, the IBEX 35 index gained 1.8 percent to 7,135.50. France’s CAC-40 index surged 1.4 percent to 3,272.27 mainly backed by Sanofi Aventis which soared 3.4 percent in reaction to better than expected first quarter financial results. In banking sector, Societe Generale also jumped 3.3 percent while Credit Agricole gained 4.4 percent for the day.

In Germany, DAX-30 index surged 1.1 percent to 6,810.43 with top performers as Commerzbank AG gaining 2.1 percent and Deutsche Bank AG surging 2.1 percent for the day.

In London, FTSE 100 index gained 0.6 percent to close at 5,782.57 for the day. Barclays PLC jumped 4.9 percent while HSBC Holdings PLC jumped 1.1 percent for the day. Royal Bank of Scotland also posted the gains of 2.6 percent.