European Stock Markets Rise Sharply, Asian Markets Reverse Early Losses

UPDATE: 7:00 a.m. EST — European stock markets were trading sharply higher in mid-day trade, with shares in France leading the region. The CAC 40 was up 2.92 percent while Germany's DAX was up 2.81 percent, and London's FTSE 100 was higher by 1.31 percent. The pan-European Stoxx 600 was also trading 2.18 percent higher.

Meanwhile, in the United States, Nasdaq stock futures rose 1.12 percent Friday morning, while the S&P 500 stock futures were 0.92 percent higher and the Dow Jones stock futures were up by 0.83 percent.