European shares rose on Friday, with the pan-European index FTSEurofirst 300 up 0.30% to 1,507, heading for a weekly gain of 3.36%, its best in a month. Germany's DAX advanced 50 points, or 0.44% to 11,134, with a weekly profit of about 4%. Britain's FTSE rose 20 points, or 0.31% to 6,349, with a weekly gain of 3.76%. France's CAC was more muted, still weighed down by security concerns; the index edged up 4 points, or 0.09% to 4,920, with a more moderate weekly profit of 2.23%.

Wall Street opened sharply higher, with Dow Jones touching an 11-day high at 17,835 with a 0.58% gain. S&P 500 swung to a similar 11-day high at 2,091; gaining 0.51%, NASDAQ rose to a 9-day high at 5,097 with a 0.46% profit.

In a conference in Frankfurt, ECB president Mario Draghi said that the bank will act quickly to boast anaemic inflation in the Eurozone, keeping the Euro pressured down for the day. Euro's index lost 0.28% to 86.10. The common currency fell 0.31% against the dollar to 1.0701. It hovered near a three-month low against sterling at 0.6987, before recovering to 0.7017. Euro is down 0.36% against the yen to 131.41.

Britain's public sector borrowing came at 8.2 billion pounds for October, higher than the 6B expected, pushing sterling down 0.27% against the dollar to 1.5250. Sterling lost 0.32% against the yen to 187.27.

A basket of Canadian data posted mixed results, with core CPI rising 0.3% m\m in October, while core retail sales fell 0.5% m\m in September. Canadian dollar swung down to C$1.3334, before recovering to 1.3294, still down 0.08% for the day. Australian dollar jumped to a three-week high to $0.7243 with a 0.70% profit.

U.S. crude futures fell to a fresh three-month low, losing 50 cents, or 1.25% to $40.03 a barrel. Brent futures gained 7 cents, or 0.16% to $44.25 a barrel.

Gold futures rose $3.60, or 0.33% to $1,081.60 an ounce. Silver futures lost 2 cents, or 0.14% to $14.20 an ounce.